1A Errol Street, Te Kuiti, Waitomo District

price TBC

6

Bedrooms

3

Bathrooms
sold-flag

Investment opportunity in Te Kuiti

A rare opportunity to secure a multi-unit holding with three well-appointed 2-bedroom units, positioned to deliver strong rental appeal and consistent long-term performance. This is the type of asset that can add immediate depth and resilience to an investment portfolio. Each unit features a separate lounge that provides a comfortable and well-defined living area, a kitchen with scope for tasteful modernisation to further enhance rental value, two generously sized bedrooms with natural light, and private access via two separate entrances that support convenience, privacy, and efficient tenant flow. Additional features that enhance tenant appeal include ample off-street parking, a valuable practical advantage, and outdoor areas with potential for private courtyards, gardens, or relaxed seating spaces. Located just minutes from town, the property offers convenient access to shops, schools, transport, and everyday amenities. For investors, the appeal is clear: the potential for three income streams from a single site, steady demand for well-located 2-bedroom rentals, scope to add value through cosmetic improvements or outdoor upgrades, and a low-maintenance configuration well suited to long-term hold strategies. This is a compelling opportunity for investors seeking dependable returns and future capital growth. Contact Sonia Plenderleith for further information on Healthy Homes compliance and potential rental income.

Chattels

Clothesline x3, Electric Stove (free standing, x3), , Extractor Fan, Fixed Floor Coverings (in units 1and3), Letterbox, Light Fittings, Garden Shed x3
1A Errol Street, Te Kuiti, Waitomo District

Web ID

TEU229424

Floor area

200m2

Land area

845m2

District rates

$10,785.05pa

Regional rates

$309.16pa

6

Bedrooms

3

Bathrooms
price TBC
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10

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5

Bathrooms

5

Garages

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)

By Negotiation

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  • Any purchase decisions are made entirely on reference of potential purchasers own judgement and they have satisfied themselves on all aspects of the property independently. Such decisions have not been made upon reference of the documents received in the Information Files supplied by Property Brokers.
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