9 Hollows Crescent, Takaro, Palmerston North

Buyers $699,000+
4.0
Bedrooms
2.0
Bathrooms
0.0
Garages

+1

Investor's dream - high yield opportunity!

Unlock the potential of this outstanding property offering a remarkable yield of 6%+. Nestled on a spacious 948 sqm (approx) section, this property features two separate units and presents a multitude of possibilities for the astute buyer. Conveniently located within a mere six-minute drive to essential amenities such as the hospital, City Centre, schools, and industrial areas, this property is a prime investment opportunity. With two existing dwellings, both generating attractive income streams, you can start reaping the rewards from day one. The expansive site area also opens up long-term prospects for savvy investors. With the potential to subdivide, subject to council consent, and a minimum subdivision size of 350m2 (approx), you have the opportunity to maximize the zoning and explore further development options. Unit One offers single-level living with two bedrooms, a well-appointed bathroom, open-plan living and kitchen spaces, and a versatile laundry/utility room. Meanwhile, Unit Two boasts an open-plan lounge and dining area that seamlessly flows into the kitchen, two spacious double bedrooms with brand-new carpeting, and a separate laundry. Together, these units command a combined rent of $880.00 per week. Palmerston North currently ranks as one of the highest-yield rental markets in the country, making this property an attractive addition to any investment portfolio. A convenient shed in the backyard provides essential storage for garden maintenance equipment. Each unit comes with its dedicated carport, and there's ample space to allocate additional parking as needed. Whether you're looking to expand your investment portfolio or explore various living arrangements, this property offers multiple opportunities to suit your needs. Don't miss this chance to secure a high-yield property with substantial potential for future growth. Contact us today for further information and to seize this exceptional opportunity!

Chattels

Clothesline, Electric Stove, Extractor Fan x4, Light Fittings, Mirrors, Smoke Detectors x4, TV Aerial (Freeview), Washing Machine Taps (Excluded Chattels: The curtains in the rear flat belong to the tenant )
9 Hollows Crescent, Takaro, Palmerston North

Web ID

BU109897

Floor area

140m2

Land area

948m2

District rates

$5731.70pa

Regional rates

$545.30pa

LV

$670,000

RV

$760,000

4.0
Bedrooms
2.0
Bathrooms
0.0
Garages
Buyers $699,000+

View by appointment

Contact


Akbar Fazal

Akbar Fazal

021 066 1234

View Profile

Property enquiry

Property enquiry for
BU109897

About the location


Satellite

You might also like


BC30204
0.0
Bedrooms
0.0
Bathrooms
0.0
Garages

Close to the city, Longburn offers bare land, with the opportunity to purchase or lease and develop or have the owner develop and lease back for you. Choose your site, size, in some positions a rail siding is available. Neighbours include Ice-Pak container terminal, Goodman Fielder, Storage NZ, Longchill. Lot 11.812ha Lot 3 5.725ha this backs on to Longburn School Lot 9 2.4029ha Lot 13 2.1214 Lot15 1.4776ha Lot 25 1.5927ha Price per square metre by negotiation.

By Negotiation
AC69816
0.0
Bedrooms
0.0
Bathrooms
0.0
Garages

This newly developed Ashburton Business Estate is set right in the heart of one of New Zealand's most progressive agriculture and pastoral regions. The sites range from 0.1332ha upwards. Strategically placed for optimum accessibility to State Highway One and possibly a future railway siding. There are several buildings currently under construction - be in soon to have our choice of sites.

$252,960 + GST (if any)
AC69870
0.0
Bedrooms
0.0
Bathrooms
0.0
Garages

This newly developed Ashburton Business Estate is set right in the heart of one of New Zealand's most progressive agriculture and pastoral regions. The sites range from 0.1332ha upwards. Strategically placed for optimum accessibility to State Highway One and possibly a future railway siding. There are several buildings currently under construction - be in soon to have our choice of sites.

$1,100,000 + GST (if any)

Request for information files


Terms of Supply

By accepting the information contained in the Property Brokers Information Files, I acknowledge I have read, understood and accepted the terms on which the information is made available:

  • It is acknowledged that any LIM report/builders reports/title search information or other property information documents that have been supplied by Property Brokers have been provided to interested potential buyers for general information purposes only, and may not have been sourced directly from providers by Property Brokers.
  • Neither Property Brokers nor their client (vendor) warrant the accuracy, completeness or currency of this documentation and nor do they accept liability for any errors or omissions in these documents.
  • All interested potential purchases should conduct their own due diligence, and obtain and rely on their own documents and legal/specialist advice as required from a person/company of their choosing.
  • 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.
  • By requesting the Information Files, you give consent for the real estate agent to communicate with you.