3 North Road Kaitaia, Far North District

Be part of the growth for Kaitaia. Kaitaia and its surrounding catchment have been enjoying unprecedented growth, from its tourist, forestry, avocado and honey industries.

This unique investment property located within an easy walk to the hub of Kaitaia and all local amenities is a winner. Nestled on 1,644m2 freehold land, the complex comprises of 8 units, 2 x 2 bedroom units, 2 x 1 bedroom units, and 4 studio units. Plus an excellent 2 bedroom plus office home. The property is in excellent condition, built from permanent materials and has good road appeal. The annual rental income of $118,000 equates to whooping 13.1% gross yield on the asking price. The property is professionally managed.

This property offers its occupants a secure environment in which to live and is in demand from prospective tenants when a vacancy arises, thus creating a hassle-free appealing investment. Asking price $895,000.

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.