Multi Dwelling, Commercial Potential?

67 Herbert Road, Te Hapara

3 Bed
2 Bath
1 Car

Dual income, dual access, in a fabulous location, possibly with commercial potential in the future?

A tidy 2 bed property facing Gladstone Road and a 1 bed unit on Herbert Road with long-term tenants.

Current rental return is $520 per week, with potential of up to $600 per week, giving up to 7.7% gross yield at asking price.

There are not many giving that rate of return in the current market! Owner reluctantly selling to pursue other options so this is your chance to get started with or add to your investment portfolio, or landbank for the future.

Viewing by appointment only so call me for more details.

Price $405,000

Legal Description

Freehold
Lot: 3 DP: 2733
CT: GS2C/82
Being more particularly described in the attached Certificate of Title. Free of all charges

Land Area

506 m2

Floor Area

120 m2

Year Built

1970-79

Rateable Value

$260,000

Rates

$4,296.00