Big Return Little Effort - Maungatapu Sold
Tauranga, Maungatapu 190 Maungatapu Road
Property ID: ECH788
Seeking a sound, consistent, low risk return? With eight rental incomes, all in one spot - you can. Logistical ease for management and maintenance - comprising of a studio, one bedroom unit, five two bedroom units and a three bedroom freestanding home. Occupying a 2388m2 corner site with immediate proximity to amenities, public transport, schooling, CBD access and main arterial routes. Current market rental assessments suggest a return of $150,280pa - and potentially more. Each residence offers off street parking or garaging and a private courtyard - independent living with a community feel. Robust construction and whilst the Ritz Carlton Motel in a past life, now consented as a multi-unit residential offering. Limitless options and an excellent long term investment - be it solo or syndicate. Make your money work for you.
Legal Description:
Firstly an estate in fee simple in all that parcel of land containing 1429 square metres more or less being Lots 1-2 on Deposited Plan S9272 being comprised and described in Certificate of Title SA6C/159 South Auckland Registry, together with an estate in fee simple in all that parcel of land containing 959 square metres more or less being Lot 21 on Deposited Plan S10242 being comprised and described in Certificate of Title SA5D/210 South Auckland Registry.
Land Valuation:
$470,000
Capital Valuation:
$1,070,000
Capital Valuation Date:
1/7/2015
Rates:
$10,095 approx per annum
Exterior Construction:
Concrete Block, Vertical Weatherboard, Split Stone, Fibrolite
Roof:
Iron
Joinery:
Aluminium And Wooden
Land Area:
2,388 square metres (approx)
Bedrooms:
15
Garaging:
Double
Chattels:
Fixed Floor Coverings, Curtains, Light Fittings, Automatic Garage Door Opener & Remote X 1, Garden Shed X 8, Stove X 7, Rangehood, Waste Disposal Unit, Wall Oven, Bench Top Hob, Clothesline X 7, Laundry Tub X 2, Woodburner, Built In Cabinetry And Bench In Garage, Water Filter, Dishwasher, Drapes.
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.