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135/137 Grampian Street, Tokoroa, South Waikato

Strong returns in a prime location

dollar

$979,000

Unit
Unit
Bedroom
8
Bathroom
4
Floor area
360m2
Land area
1764m2
Title type
Freehold
Covered park
4
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Property details

Listing # TOU215647 | Listed on 17 February

Located in a desirable south-side location, this well-maintained investment opportunity offers four tidy two-bedroom units on two separate titles, ideal for investors seeking strong returns and long-term flexibility.

Each unit features its own carport and a separate storage space, providing practical living and added tenant appeal. The property is currently fully tenanted with lovely, reliable occupants who are happy to stay, ensuring immediate and consistent income from day one.

The current annual rental income is $77,480, delivering a solid gross yield of 7.91%. With a recent rental appraisal indicating potential for increased returns, the gross yield could improve to approximately 9.14%, making this an attractive high-yield investment in today’s market.

The property has also benefited from recent roof maintenance, including new stainless steel screws, with all roof sheets resealed and repainted, providing added durability and peace of mind for future owners.

Offering multiple income streams across two titles, this is an excellent opportunity for investors seeking a low-maintenance, income-producing asset with strong future potential.

Contact the listing agent today for further information.

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Additional features

Exterior Cladding: Fibre Cement: Fibrolite/Hardiplank/Harditex//Linea
Exterior Joinery: Aluminium
External Features: Deck
Lot Features: Rear Section
Internal Features: Heat Pump

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