Our vendors are ready to see action and have committed to achieving a result. Opportunities like this are few and far between, offering both immediate rental income and future development potential. Situated on a substantial landholding, 22 Bent Street presents an exciting opportunity for investors, developers, and land bankers alike.
The property consists of five standalone homes, all offering three bedrooms, spacious kitchens, large lounges, and separate bathrooms. Four of the homes are currently tenanted, providing an annual rental income of approx. $86,000 but with home improvements this has room to grow. The homes are light and bright throughout, with generous bedroom sizes making them appealing to tenants and families alike. Each dwelling enjoys its own parking, with four homes benefiting from separate single garages and one home featuring a carport.
The real star of the show is the resource consent already in place for a further 19 lots. Whether you are looking to land bank, continue generating rental income, or explore future development opportunities, the options here are abundant.
Properties offering both strong holding income and significant development potential are rarely available. Our vendors are motivated, and this is your opportunity to secure a unique investment in the heart of Putaruru.
Get in touch with the agent today for more information!