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802 Tuhikaramea Road, Ngahinapouri, Waipa

$1,849,000

1.1ha

Two homes & Storage unit income opportunity

Presented on the market for the first time in 36 years, this unique proposition must be seen to really appreciate what is on offer. Currently with two income streams with a further opportunity to develop the 3rd stream that hasn't been actively operating over the past few years due to retirement. Updated rent appraisals come in at $1270-$1340 p/w for the 2 dwellings.

The additional shedding has been used as a small storage lockup with a total of 26 units all in varying sizes. A total floor area of approximately 310smtrs is set over 2 levels. An ideal storage unit for short-term or long-term storage. The upper level is a toilet and shower, allowing you're the potential to run a small business from here. This could also be developed further with the large parking space - ideal for campervans, vehicles, etc.

Our vendor is committed to selling, he is looking forward to retirement and enjoying some travel time. We are looking for results so don't delay, the opportunity to purchase this unique property won't last.

There are no open homes - viewing by appointment only. For further information please contact Sandra or Craig.

Additional details

Type

Lifestyle Property

Property ID

GV8784

Listed on

08/08/2024

Updated

5 days ago

Data

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Property data

Broadband available

Floor area

414m²

Land area

1.05ha

Type of title

Freehold

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Time (yrs)

5 yrs

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Flooring

Total estimated cost is flooring

$23,881.65

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

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Ngāhinapōuri, Waipa

Ngahinapouri is a suburb which lies within the Territorial Authority of Waipa, one of 26 residential suburbs which form the wider region. Ngahinapouri is the 7th largest suburb of Waipa in terms of the total number of residential housing stock. Ngahinapouri 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 2000 - 2009. Residential housing stock in Ngahinapouri is made up of approximately 6% residential housing and 94% lifestyle properties.

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