Ideal opportunity to own:
* 3 fully furnished 3 bed units - 80sqm each. Asking Price: $195,000 For Each Unit
* Large lounge
* New kitchen and stove with tiled floor and partially tiled walls
* New bathroom including bath, vanity unit and toilet, with tiled floor and partially tiled walls
* New carpet and lighting throughout the unit
* New wardrobe units in each bedroom
* New Curtains throughout
* Newly painted and varnished walls inside and out, including roof
* New plumbing and high pressure Hot Water Cylinder
* New electrical wiring throughout, including new switchboard and smart power meters
* Covered carport
The first unit is almost complete and the other two units will be completely refurbished very soon.
This is a great opportunity for an owner occupier or as a property investor since there is a shortage of rental properties in Tokoroa and with long waiting lists for people wanting to rent. With more affordable housing, Tokoroa is becoming a popular town to settle in with new residents recently moving from Auckland, Hamilton, Tauranga and Rotorua.
The approximate rental expectation is around $100 per bedroom. Without taking into account any refurbishments undertaken, this would amount to approx 8% return on your investment.
Tokoroa is a large town on State Highway 1. It is a central transport hub being approximately 40 minutes from Hamilton, Taupo, Rotorua and Tauranga. So close to all the amazing outdoor places and diversity that New Zealand has to offer.