Southland Express Property Press Liftout

Attention investors & landbankers

335 Dee Street, Avenal, Southland

Price by negotiation Listing#: 442088 6+ 6+ 6+ Land: 2983.00 m2 Floor: 810.00 m2

Let the figures be your guide with this lucrative investment property. Do the maths - a total of 10 flats are included in the sale, with a current gross rental return of approx. $95,000 per annum. Great returns, but with potential for higher yields. Well maintained and extensively refurbished over the last 10 years, the opportunity encompasses several buildings - the main two storey residence (built 1939) contains 6 x two bedroom and 2 x one bedroom flats. An additional villa (built 1910) contains 2 x two bedroom flats. Separate to the homes is a handy parking building of six garages and a workshop, and a separate single garage. Positioned on a level 2983sqm section, there's ample value in the land - look to the future and consider the possibilities for subdivision or development. Positioned on the main street through Invercargill, it's an easy walk to the city centre, schooling and Queen's Park. Also nearby is the Southern Institute of Technology with its free tertiary education, making this a perfectly-positioned rental investment. • 2983sqm site with buildings encompassing 10 flats and ample parking/garaging • Mix of one and two bedroom flats • Offered to the market as a profitable rental investment • Well managed at present, with potential to increase yields • Generous street frontage of approx. 35.81 metres • Desirable, high profile position close to city centre Agency Reference : 27054

Property type: unit
Listed on: 13 June 2017 01:30 p.m.
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Agency details
Hoamz Southland

© 2015 hoamz. All rights reserved. hoamz ltd, licensed real estate agent (REAA 2008)

Hoamz Southland
99 Spey Street, Invercargill, New Zealand

Agents
Ross Malcolm

Ross Malcolm
invercargill@hoamz.co.nz
027 519 2556
027 519 2556

Stephen Hebbend

Stephen Hebbend
invercargill@hoamz.co.nz
021 453 881
021 453 881

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