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11 & 11A Grandview Road, Nawton, Hamilton City

Split Risk – Two Dwellings on 622m² Corner Site

dollar

$855,000

House
Home & income
Bedroom
5
Bathroom
2
Floor area
100m2
Land area
622m2
Title type
Freehold
Garage
1
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Property details

Listing # BM0001IF | Listed on 22 July

Here is your opportunity to secure a dual-income property on a corner site in Nawton, Hamilton and generate immediate INCOME.

Situated on a 622m² corner section, this property consists of two dwellings on one title, both fully tenanted and returning a combined $1,020 per week ($53,040 per annum), representing a strong 6.7% potential GY on purchase price.

The back dwelling is a 3-bedroom, 1-bathroom home with a garage and off-street parking, currently rented at $560 per week.

The front dwelling is a 2-bedroom, 1-bathroom home with its own carpark and outdoor space, currently rented at $460 per week.

Both properties are tenanted, providing income from day one and reducing vacancy risk with two separate tenancies.

Highlights include:

  • Two dwellings on one title

  • Combined rent of $1,020 per week - appraised at $1,100pw

  • Large 622m² corner site

  • 3 bedroom + 2 bedroom configuration

  • Garage + off-street parking

  • Fully tenanted

  • Split risk with dual income streams

  • Located in Nawton, a well-established Hamilton suburb with strong rental demand, close to schools, parks, shops and a short drive to Hamilton CBD.

At the asking price of $855,000, this property provides a solid return with immediate cashflow and future potential on a corner site (subject to council consent).

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