Looking For A Fantastic Investment? Look Here...........
Here's your 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 has almost been completed 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's a central transport hub being approximately just 40 minutes from Hamilton, Taupo, Rotorua and Tauranga. So close to all the amazing outdoor places and diversity that New Zealand has to offer and such a great opportunity.