Totara Vale

7 Bed

3 Bath

1 Carport

3 Other

Home & Income on Freehold Terraced Townhouse Zone

On 675m2 freehold land in the Terraced Townhouse & Apartment zone, this home & income property is in a fantastically convenient location a very short walk to Sunnynook Bus Station & the cafes, restaurants & shops of Wairau Park.

At the front is a 1960's home with 4 bedrooms, 2 lounges. To be sold with the existing periodic tenancy in place. Current tenants are paying $560pw.

At the back is a really nice and modern minor dwelling with 2 main bedrooms plus an extra bedroom area that's been professionally & comfortably converted from the original garage space. It's elevated, sunny & very private. Smart & savvy home buyers wanting to get ahead could live here while renting out the front house. It's currently advertised for rental at $625pw.

Many options here:
Owner occupiers: Live in one and rent out the other.
Landbank investors: Rent out both for a great yield while you reap the long term capital gain.
Developers: Take time to plan your development while you enjoy great rent to help service your holding costs.

Call for more details or to arrange viewing.

David Holton

027 546 5866

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