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81 Lake Road, Frankton, Hamilton City

By Negotiation

550m²

1,131m²

Significant Returns Await

We are selling a block of 10 flats, which are split into two blocks, a block of 6 x 2 bedrooms, and a block of 2 x 1 and 2 x 2 bedrooms, all on the one title. Situated on a large 1,130m2 section with loads of off street parking at the rear of the building available. The walkway three doors down from the property makes for easy access into Hamilton CBD, and likewise an easy stroll to Frankton Shopping Centre. The property has had a new roof installed in 2018 which is an added bonus along with improvements to meet the Healthy Homes standards.

Currently returning $187,720 pa as of today, with a couple of rent increases in place over the next couple of months.

Call Don Sargent 027 766 0080 or Renee Boleyn 027 729 9448

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Hamilton City Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

Additional details

Type

House

Property ID

HAM41244

Listed on

20/08/2024

Updated

yesterday

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Broadband available

Floor area

550m²

Land area

1,130m²

Type of title

Freehold

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Time (yrs)

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Flooring

Total estimated cost is flooring

$31,746.00

This estimate is fully inclusive of carpet, underlay, accessories and installation but excludes travel and floor preparation, if required.

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Frankton, Hamilton City

Frankton is a suburb which lies within the Territorial Authority of Hamilton, one of 51 residential suburbs which form the wider region. Frankton is the 6th largest suburb of Hamilton in terms of the total number of residential housing stock. Frankton provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 2010 - 2019. Residential housing stock in Frankton is made up of approximately 94% residential housing and 6% residential investment housing properties.

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