Unit 135, 135/137 Grampian Street, Tokoroa, South Waikato
price TBC
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Strong returns in a prime location
Located in a desirable south-side location, this well-maintained investment opportunity offers four tidy two-bedroom units on two separate titles, ideal for investors seeking strong returns and long-term flexibility. Each unit features its own carport and a separate storage space, providing practical living and added tenant appeal. The property is currently fully tenanted with lovely, reliable occupants who are happy to stay, ensuring immediate and consistent income from day one. The current annual rental income is $77,480, delivering a solid gross yield of 7.91%. With a recent rental appraisal indicating potential for increased returns, the gross yield could improve to approximately 9.14%, making this an attractive high-yield investment in today’s market. The property has also benefited from recent roof maintenance, including new stainless steel screws, with all roof sheets resealed and repainted, providing added durability and peace of mind for future owners. Offering multiple income streams across two titles, this is an excellent opportunity for investors seeking a low-maintenance, income-producing asset with strong future potential. Contact the listing agent today for further information.
Chattels
Unit 135, 135/137 Grampian Street, Tokoroa, South Waikato
Web ID
TOU215647
Floor area
360m2
Land area
1,764m2
District rates
$12,964.74 pa
Regional rates
$447.13 pa
LV
$230,000
RV
$945,000
8
4
price TBC
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About the location
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Located in the center of Tokoroa and on a 4713m2 (more or less) block of flat land with further development potential is this golden opportunity. Built in the 1970s by New Zealand Forest Products the property is made up of 4 blocks of units, five carports and 10 lockable garages or storage sheds with dirt floors plus a large green space with full road frontage. The units consist of 6 x 1 bedroom and 7 x 2 bedroom, have been vacant for over 6 months and have been vandalised. For further details please contact the listing agents.
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Are you a first home buyer? Looking for an investment property? Are you relocating to the district? This property is located in a convenient location, close to all amenities. Close to the CBD, schools, hospital, sports ground, event center, and parks. A tidy three-bedroom home has an open plan kitchen, dining, and separate lounge area. All three bedrooms flow from the lounge area and make it very convenient and easy for the heat pump located in the lounge to warm the whole house. The bedrooms include two double bedrooms and a single bedroom. The laundry room and bathroom are tucked away at the rear of the home adding to the convenience and ease of everyday living. The kitchen boasts a large pantry and plenty of benches and moving around space with plenty of natural light. It is insulated top and bottom and is partially carpeted and wooden flooring. Plenty of backyard space is available with a carport. View this property today by contacting the listing agent or come along to an open home. See you then.
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If you are an investor, or first home buyer you need to see this little gem. On offer is a three bedroom home located in a quiet Cul de sac. The floorplan is a popular design in the Tokoroa market and features a lounge and open plan kitchen and dining area. Keep comfortable all year round courtesy of the heat pump. The updated bathroom includes a corner shower, vanity and toilet. The separate laundry area adjacent to the kitchen, leads out to the large backyard. Adjacent to the property is a council reserve with a playground. Outside there is a single garage. Freehold properties at this price point are getting hard to obtain anywhere in New Zealand, let alone in a large centrally located town with lots of amenities and a Hospital. Get your offers in quick to secure your next investment opportunity. We are anticipating strong interest in this property, so contact the exclusive Property Brokers listing agents today.
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