9.5% YIELD PLUS SUBDIVISION POTENTIAL PLUS INSTANT EQUITY!!

Listing Number:  1720
Posting Date:  27 January 2010






 
Price:$109,000
Listing:9.5% YIELD PLUS SUBDIVISION POTENTIAL PLUS INSTANT EQUITY!!
Type:House : Subdivision Potential
Category:Purchase Option
Bedrooms:5
Bathrooms:1
Region:Otago
Site Area: 
Address: Login
Building Area:1012 m2
Property Image

Description:

5 Bedroom, 2 lounges plus sunroom, villa in solid condition. Close to city centre and SIT. This would make an ideal rental investment with a view towards future development. Subdividable section subject to council approval. House situated at the front of the property with easy access to rear site. Single garage on left for front house and Tandem garage on right would have to be removed or remain as part of the rear section.
Currently tenanted at $200pw
Purchase Price: $109,000
GV: $126,000
Yeild: 9.5%

Contact: Adie
021 2140026


Additional Documents:

Click to Download
Description: Subdivision Report
File Size: 868 Kilobytes