ROTORUA CENTRAL - SUBDIVIDE AND PROFIT

Listing Number:  2589
Posting Date:  19 May 2015






 
Price:$199,350
Listing:ROTORUA CENTRAL - SUBDIVIDE AND PROFIT
Type:House : Subdivision Potential
Category:Assignment
Bedrooms:3
Bathrooms:1
Region:Bay Of Plenty
Site Area:100 m2
Address: Login
Building Area:723 m2
Property Image

Description:

On a full site, this property is close to the CBD and schooling with potential to add value.
There are new zoning changes proposed, that would allow for development, on the basis of one building per 150m2.

Additional Information
This 1940's weatherboard home is in good condition, with three good sized bedrooms, separate toilet, bathroom and laundry. The carpets are in reasonable condition and the interior is currently in a reasonable tenantable condition.

There is room to add value with modernisation and also being sited on a full section that would allow for subdivision (subject to council consent). This area has a lot of infill housing already and getting a property at this price in this area is a great find.

The vendor of the two, 2 bedroom homes directly across the road are hoping for over $220,000 for each of their properties on full sites, which is less than 6% gross yield.

Amenities
Flat walking distance to CBD and Rotorua Intermediate is close by. A popular area for professional tenants.

If you are interested in this property please contact:
Debbie Van Den Broek, Property Finder - Rotorua (Licensed Salesperson REAA 2008)
debbie@ifindproperty.co.nz or 021 131 6119


Additional Documents:

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Description: Rates File - 108 Malfroy Road, Victoria, Rotorua
File Size: 3.28 Megabytes
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Description: Zoodle Report - 108 Malfroy Road, Victoria, Rotorua
File Size: 714 Kilobytes