Situated in the heart of this thriving rural town is an opportunity to own a multi tenanted investment. With two tenants in place and a combined income of $35,600 pa +GST and outgoings the property is the ideal first investment or will add well to a growing portfolio.
The property has recently been upgraded to achieve an IEP rating of 67%. Located between Belmont Road and Willoughby Street. It offers rear access and parking for the tenants off Willoughby Street. At the rear of the property is a 1 Bedroom flat that is currently included the lease to Greengrocers.
Belmont Road is situated on State Highway 2, the main Highway between Auckland and Tauranga. Paeroa is a thriving rural town and is experiencing good growth due to its location within and easy commute to Auckland, Tauranga and Hamilton. Paeroa offers a great affordable lifestyle with families enjoying a large range of activities both locally and around the Coromandel Peninsular.