An investment of this calibre is rarely found in regional New Zealand-offering not only great returns and steady income, but a large passive investment.
Occupancy is high, so all you need to do is take over and enjoy the income.
With anticipated fully-let rental income of $574,600 P.A and the unique "cul-de-sac monopoly", the advantage of owning 26 consecutive residences over 9 titles, creates an
opportunity that demanding investors simply cannot afford to overlook.
As well as the current income produced by the current residences, there are parcels of land that could be developed at some point in the future, subject to all necessary investigations consents and approvals with no representation made by the vendor.
Key Investment Summary:
- The portfolio comprises 26 residential dwellings across nine freehold titles consisting of 5 duplexes (2 units, 1 title) and 4 quadplexes (4 units, 1 title).
- Residences: 26 three-bedroom residences in total.
- Tenancy & Income: High occupancy across the portfolio-with individual units either being appraised or currently rented between $400 and $440 per week.
- Current residential periodic tenancy agreements are in place for 22 of the properties, returning $9330 per week
- 10 Devon Crescent is being kept vacant for an easily accessible display home for buyer inspections.
- 25 of the 26 properties have Healthy Homes Certificates, while number 46 Devon Cres is excluded.
- One unit being sold 'as-is' requiring maintenance to bring up to rentable standard.
- Property information, including tenancy information, Healthy Homes documentation, condition reports (where available) and other due diligence material, is available to interested purchasers upon request.
- Purchasers are encouraged to undertake their own investigations as to the condition, suitability and future use of the properties.
Flexible Purchase Options:
Selling by Tender-giving you complete flexibility to tender for a single title, multiple titles, or the entire portfolio.
A full information memorandum and further key information are available on request.
Viewings of number 10 Devon Crescent are available at any time, so give Andrew or Stu a call, or come along to an open home.
For sale by Tender - closing 12pm Tuesday 8th December 2026 (will not be sold prior) at Ray White Feilding, 56 Stafford Street, Feilding.
For further information please visit:
https://rwfeilding.co.nz/FEL30650
