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3 and 3A Ann Street, Victoria, Rotorua

Four Flats on Two Freehold Titles

gavel

Auction

Unit
Unit
Bedroom
8
Bathroom
4
Land area
805m2
Title type
Freehold
Garage
1
Covered park
1
On this page:

Auction

Thursday
10:00am
1172 Haupapa Street, Rotorua
25
Sep

Property details

Listing # ERT20634 | Listed on 3 September

Here's your chance to secure a solid investment close to the CBD. Sitting on two freehold titles with a combined land area of 805sqm (more or less), this property offers four flats currently returning a total of $1,400 per week.

  • 1 x one-bedroom
  • 2 x two-bedroom, one with garage and one with a car port
  • 1 x three-bedroom

All units are tenanted, providing immediate income. While the flats would benefit from modernising and a tidy-up, the great location ensures ongoing demand. With some upgrades, there's strong potential to increase both rental returns and long-term value. The combined land value is $625,000 (zoned high density) and the combined CV's are $990,000. The combined council and regional rates are $10,846.67.

This is a popular area, close to the city centre, making it a smart choice for investors looking for a project with upside. Call today for more information or to arrange a viewing on the preferred days of Tuesdays or Sundays.

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Additional features

Roofing: Corrugated Iron (3 & 3A)
Exterior Cladding: 3- Concrete, Stucco/3A - Concrete, Concrete Block

Schools and childcare in the area

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