- For Sale
A rare opportunity presents itself to be the next owner of this cash flow machine. This single level 22 room (all with ensuites) residential accommodation complex, which has recently been refurbished, provides cash flow of circa $330,000pa. This includes income from the neighbouring ex-Lockwood house which is leased out on commercial terms. Surplus land provides opportunity for a future extension or additional building, with plans available for a new 30 room building to compliment the existing buildings.
All this on a freehold site of 4,579sqm conveniently located between the CBD, Waikato University and proposed Ruakura Inland Port in a residential neighbourhood with public transport options nearby.
Registered valuation available.