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Tokoroa Unit 135, 137 Grampian Street, Tokoroa

8 Bedrooms4 Bathrooms4 CarportsID TOU215647
$979,000

Strong returns in a prime location

Located in a desirable south-side location, this well-maintained investment opportunity offers four tidy two-bedroom units on two separate titles, ideal for investors seeking strong returns and long-term flexibility.

Each unit features its own carport and a separate storage space, providing practical living and added tenant appeal. The property is currently fully tenanted with lovely, reliable occupants who are happy to stay, ensuring immediate and consistent income from day one.

The current annual rental income is $77,480, delivering a solid gross yield of 7.91%. With a recent rental appraisal indicating potential for increased returns, the gross yield could improve to approximately 9.14%, making this an attractive high-yield investment in today's market.

The property has also benefited from recent roof maintenance, including new stainless steel screws, with all roof sheets resealed and repainted, providing added durability and peace of mind for future owners.

Offering multiple income streams across two titles, this is an excellent opportunity for investors seeking a low-maintenance, income-producing asset with strong future potential.

Contact the listing agent today for further information.
CHATTELS  Fixed floor coverings   |   Light fittings   |   Rangehood   |   Heat pump(s)   |   Bathroom Extractor Fan   |   Bath   |   Ceiling Fans   |   Clothesline   |   Electric Stove   |   Letterbox   |   Mirrors   |   Waste Disposal (Excluded Chattels: the cat door on unit 137a)
Features
Area | 360.00m2Land | 1764 m2Rates | $12,964.74 paRegional rates | $447.13 paLV | $230,000RV | $945,000
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Shon Meszaros

M  027 474 2790  P  

Trudy Meszaros

M  027 480 9560  P  

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