Mangokino is known for its glassy lake, trout fishing and beautiful farmland. Only minutes from the lake and surrounded by the opportunity for water activities, tramping or biking, this may be the perfect opportunity for your holiday retreat or AirBnB.
Long term hold, AirBnB or trade... 6 Tawa Street has almost every option an investor would consider. 6 Tawa Street has undergone a stunning transformation, featuring a fully renovated interior and exterior. The property boasts 2 well-appointed bedrooms. This home has efficient insulation throughout its external walls. Currently achieving a rental income of $450 per week. The gross yield is 7.8%. As a stand alone property it has a valuation of $395,000. Valuation is available upon request.
This unique property presents an exceptional opportunity for savvy property investors and those looking for a multi-income opportunit, as the back property is also available for sale. . With the possibility of being sold as one 770sqm title containing two distinct dwellings, OR as two separate titles 6 Tawa on proposed 324sqm and 6a Tawa on proposed 446sqm. Resource consent for subdivision has already been granted. All works have been completed, the final paperwork will be sent to LINZ once you the successful buyer has decided if you want to the buy the property as 1 or 2 titles.
The subdivision will need to be completed as a condition of sale. The total section size is 770sqm. If purchased together the 2 units can be retained on one title after subdivision saving on the annual rates bill. The proposed section size of 6 Tawa is 324sqm and 6a Tawa 446sqm.
Contact Kara today at 021 025 97042 to arrange your private viewing.
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