127 A-E Massey Street, Frankton, Hamilton City
By Negotiation
10
5
5
+12
Investment Opportunity - First Time On The Market
This set of 5 units has been carefully tenanted and maintained since being built circa 2006, purchased by the current owners at that time. Located on a main arterial route to the western suburbs, these units offer tenants good access for transport, shopping and schooling in a good quality, low maintenance home. Each unit has 2 double sized bedrooms, bathroom, off street parking including a single garage, and open plan living/dining/kitchen area. With a high occupancy rate, these units are currently grossing $141,440 per annum against the current CV of $2.67m giving a gross return of 5.30%pa. After the below insurance and rates costs of $27616.39, the net return before maintenance and other running costs equates to 4.26%pa Current Landlord insurance costs $8,415.08pa Current HCC rates $16,653.23pa Current WRC rates $2,548.08pa Tender closes 5pm, Wednesday 26th August 2026 (unless sold prior)
127 A-E Massey Street, Frankton, Hamilton City
Web ID
CBU235677
Floor area
496m2
Land area
1,012m2
District rates
$16,653.23pa
Regional rates
$2548.08pa
LV
$1,495,000
RV
$2,670,000
10
5
5
By Negotiation
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