2 West Crescent, Te Puru, Thames-Coromandel

Passive investment in paradise

• Six fully tenanted residential units (four x one bedroom, two x two bedroom)
• Returning $101,920 including GST per annum
• All units offered to be sold as a complete package
• Positioned on the stunning Thames Coast, enjoy this split risk investment

Unlock an exceptional opportunity in the heart of the Coromandel. Located at 2 West Crescent, Te Puru, this unique property comprises six residential units - four one-bedroom and two two-bedroom - all fully tenanted with a mix of long-term residents. The entire block is being sold together, giving you full ownership of all units within the body corporate - a rare offering that allows future flexibility to retain or sell down individual units as desired.

Enjoy a split risk, low-maintenance investment just moments from the beach, nearby to the local bowls club, tennis courts and next to the local store and takeaways. With easily maintained grounds and shared gardens, tenants benefit from a relaxed coastal lifestyle - making it attractive for tenants and easy to retain great occupants. The property generates a gross annual income of $101,920 (including GST) and offers strong split-risk across six income streams.

The motivated vendor is looking to divest and redirect funds into another venture, so this is your chance to secure a passive income asset in a prized coastal location. Whether you're seeking a bottom-drawer investment, a holiday-home-plus-income combo, or a future flexible opportunity, this one ticks all the boxes.