GREAT PROPERTY SUBDIVISION OR MINOR DWELLING POTENTIAL OVER 7% YIELD

Listing Number:  2514
Posting Date:  16 November 2014






 
Price:$500,000
Listing:GREAT PROPERTY SUBDIVISION OR MINOR DWELLING POTENTIAL OVER 7% YIELD
Type:House : Minor Dwelling Potential
Category:Private Sale
Bedrooms:
Bathrooms:2
Region:Auckland
Site Area:150 m2
Address: Login
Building Area:809 m2
Property Image

Description:

Solid 1960's weatherboard and iron home 150m2 in a great street in Manurewa. Very tidy, $5,000 spent on renovations would bring it completely up to speed.

3-4 bedrooms, 2 bathrooms, private deck with spa pool and a rumpus room downstairs.

Large 2 car plus workshop garage all on 809m2.

Rental appraisal of $560-580 per week.

Potential to add a minor dwelling increasing the rent to $940-$960 per week and a gross yield of 7.4%.

Or explore the opportunity of placing a new or removable home onto the back yard increase your yield more.

Or complete the subdivision (with council approval) to own two freehold titles.

For more information ph Barbara 021 173 5743


Additional Documents:

Click to Download
Description: Basic Property Report
File Size: 825 Kilobytes
Click to Download
Description: Rental Appraisal
File Size: 166 Kilobytes