Unit for Sale

Gisborne 

Price By Negotiation
  • 54 Beds
  • 10 Baths

Are you interested in inspecting this property?
Get in touch to request an inspection.

Request an inspection
Unit for Sale in Gisborne

Fantastic Opportunity in Gisbourne

  • 54 Beds
  • 10 Baths

Calling all investors and developers. This is serious real estate with immediate upside and huge development options. The property has been providing residential accommodation since 2003 generates a massive rental income that equates to an impressive 11% gross yield on the asking price. The outcome here is excellent positive cash flow, with immediate further development opportunity plus capital growth.

The property is nestled on 16,595m2 freehold park-like grounds and comprises of three large dwellings offering collectively 54 individual bedrooms divided into three block dwellings, 11 (mixed 1-4 bedroom units include managers accommodation) plus another 10 newly completed x 1 bedroom units and amenities.

Options available for this property:
-Extreme passive income
-Excellent holding income
-Complete proposed development
-Subdivide the existing property
An in-demand property from prospective tenants with long-term tenancies being the norm, this creating a hassle-free appealing investment.
Asking price $5,800,000 plus gst if any.

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as RPNZ or Auckland Council (LIM) documents. They have not been measured by the Salesperson or Sue Douglas Property Services Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

Features:
  • Family Room
  • Electric Hot Water
  • Modern Kitchen
  • Separate Dining/Kitchen
  • Open-Plan Dining
  • Separate Bathrooms
  • Separate WCs
  • Separate Shower
  • Separate Lounge/Dining
  • Electric Stove
  • Very Good Interior Condition
  • Off-Street Parking
  • Concrete Base
  • Fully Fenced
  • Concrete Tile Roof
  • Long Run Roof
  • Roughcast Exterior
  • Very Good Exterior Condition
  • Decking
  • Single Storey
  • Level Section Contour
  • Northerly and Easterly Aspects
  • Urban Views
  • City Sewage
  • Town Water
  • Street Frontage
  • Above Ground Level
  • Public Transport Nearby
  • Shops Nearby

See all features

Chattels:
  • Curtains
  • Drapes
  • F/Floor Cover
  • Light Fittings
  • Rangehood
  • Stove
Property ID:

TKN22080

Land:

1.6595 ha / 4.1 acres

Bedrooms:

54

Bathrooms:

10

Contact

Agents

  • Loading...
  • Loading...

Loan Market

Loan Market mortgage brokers have relationships with over 30 lenders and compare the interest rates and features of over 800 different loan products to find the right loan for you.