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1 Warkworth Town Centre Investment with Upside
7 Existing Flats and Re-development Opportunity.
1 bedroom units each on own title with consent application for 2 further units.
These low maintenance, north facing properties, with car parking and within walking distance to the village, are extremely popular rentals.There is a shortage of these type of units in the area.
Current gross income of approximately $90,000pa, provides an excellent hold and develop scenario.
Consents underway for 2 further 2 bedroom units.
Also scheme to add furthe... Expand
1 bedroom units each on own title with consent application for 2 further units.
These low maintenance, north facing properties, with car parking and within walking distance to the village, are extremely popular rentals.There is a shortage of these type of units in the area.
Current gross income of approximately $90,000pa, provides an excellent hold and develop scenario.
Consents underway for 2 further 2 bedroom units.
Also scheme to add further units above.
Total land area 1655m2. Total CVs $1,390,000.
In the heart of Warkworth, a designated growth area under the new District Plan, here is a passive investment opportunity with big upside for added value.
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Bedroom | 1 |
Bathroom | 1 |
Type | Block of Units |
Land | Land Area: 1655 sqm |
Title | Strata Title |
Parking | Off street car parking with each unit |
Interior | Hot Water: Electric, Kitchen: Standard, Bathroom/Toilets: Combined Bathrooms/WCs, Stove: Electric, Interior Condition: Good, Floors: Single Storey, Section Contour: Mixed |
Exterior | Base: Block, Roof: Iron, Exterior Condition: Very Good, Aspect: Northerly, Westerly, Sewage: City, Water: Town, Levels: Level with road, Amenities: Shops |
Chattels | Blinds, Curtains, Light Fittings, Stove |
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