Classic Investment Units - Tokoroa - $825,000
A classic and tightly held block of units, proudly positioned on a sunny corner site. Constructed in enduring brick, this well-presented investment offers reliable passive income and strong long-term capital growth.
If you're seeking a seamless, set-and-forget opportunity, 16 Margaret Street, Tokoroa delivers exactly that. The property comprises three purpose-built two-bedroom units on a generous 852m² freehold section. Each unit includes a single carport, additional off-street parking, and enjoys attractive, low-maintenance northerly grounds-providing warm, comfortable living for tenants.
With stable, long-term tenants who wish to remain, the rental income is consistent and effortless. An independent rental appraisal of $410-$430 per week per unit equates to an approximate annual return of $67,080, delivering an impressive 8.13% gross yield-a true banker's delight.
The location is exceptionally convenient, offering easy access to local amenities, schools, social clubs, and Tokoroa's CBD. High occupancy levels and proven tenant longevity highlight the strong demand in this area, making this a low-stress, hassle-free investment-ideal for both absentee owners and local investors.
Please contact the listing agent for viewing times
Please note: As all units are currently tenanted, a minimum of 24 hours' notice is required for viewings.