This centrally located property offers new owners peace of mind with both commercial and residential tenancies producing steady returns presently at $58,400 per annum (excluding GST - but less a residential tenancy portion of OPEX). The spacious first floor 2 bedroom flat has recently had a new bathroom and roof installed. With the shortage of accommodation in the Gisborne area, the flat has always attracted long term tenants. Having been almost fully rebuilt after fire damage several years ago, the building is not considered as earthquake prone - seldom do we see such properties available to purchase in busy Palmerston Road, being so close to the Gisborne CBD.
This property must be considered as an ideal investment for passive investors. New lease being prepared for the anchor tenant.