8 Chambers Street, Havelock North, Hastings

Income opportunity, invest in Chambers Street

This exceptional investment opportunity presents itself in a highly sought-after location on Chambers Street, desirably situated within walking distance to the village. Currently earning $2,150 per week, the property offers substantial income potential with four units in total, comprising three renovated 1950s units and a spacious freestanding unit constructed new in 2014. With the convenience of one freehold title, the property also includes three single garages and a carport, ensuring ample off-street parking for residents. Promising both aesthetic appeal and practicality, it's an enticing prospect for investors seeking a lucrative venture in a desirable locale.

The three terraced units have been thoughtfully renovated to offer a seamless aesthetic, enhanced by the presence of charming cherry trees lining the entrance. Unit One is currently tenanted for $540 per week, while Units Two and Three earn $530 per week. All three units are well-appointed with updated carpets, modernised kitchens and bathrooms, updated wiring, spacious living areas with a heat pump, two bedrooms, sunny rear decks, and front lawn areas. Units One and Two share an external laundry, while Unit Three has a laundry area in the bathroom.

A later addition, cleverly designed to create a unified look across all four units, Unit Four was completed in 2014 and is currently tenanted for $550 per week. Privately set to the rear of the property, this spacious freestanding unit boasts full double glazing, insulation, and a heat pump for optimal comfort. Upon entry, a generous open-plan kitchen, dining, and living area leads through doors onto a sunny deck and private lawn area. A spacious main bedroom, a second double bedroom, family bathroom, and a laundry cupboard complete this home.

The obliging tenants would love to stay, and all are on periodic tenancies, allowing some flexibility for continuation or change of use as desired. With motivated vendors and a desirable offering, don't miss your opportunity to find out more.