Six 2-bedroom flats across three standalone buildings

Current rental appraisal of $2,740 per week when fully occupied

Approximate gross yield of 11.9% p.a. at a $1.2M purchase price*

Five tenanted, one vacant and ready to let

Heat pumps newly installed to all units

New Healthy Homes certificates to be provided prior to settlement

Professionally managed investment

2,022m² freehold title

Investment opportunities of this scale are seldom available in Wairoa. Comprising six self-contained two-bedroom flats across three separate buildings, this is a genuine set-and-hold investment offering multiple income streams from a single freehold title.

Five flats are currently tenanted, with the sixth vacant and ready for occupation, providing immediate upside. The property is professionally managed, while the vendor is completing the installation of heat pumps to every unit and will provide new Healthy Homes compliance certificates prior to settlement.

Set on a generous 2,022m² freehold section with six off-street parks, the property offers straightforward management and broad tenant appeal.

The property was affected during the Wairoa flood event, with remedial works completed under insurance. Comprehensive disclosure documentation, insurance information and supporting reports are available to interested purchasers.

Whether you're looking to expand an existing portfolio or secure a substantial cash-flow investment, this property deserves your consideration.

*Projected gross yield is based on the current rental appraisal of $2,740 per week and an indicative purchase price of $1,200,000. Purchasers should undertake their own due diligence regarding rental income, expenses and investment returns.

Contact Laurie on 027 588 7788 or Jana on 027 494 7961 for further information.