SOLD
12 Images
+8

It’s Time to Get Excited - Get the Spreadsheet Out

16 York Street, Inner Kaiti, Gisborne

6
2
2
220
1,348
It’s time to crunch some numbers and say welcome to your new (or first) investment property. They don’t make them like this anymore, and the potential here is clear. With two 1960s-built adjoined units sitting on a large flat section (approximately 1348 m2) you don’t have to be a genius to see the opportunity. The two units are entirely separate and both have three bedrooms and a bathroom upstairs, with kitchen, living and dining areas downstairs.

Long-standing tenancies are in place with one unit rented for $380 per week and the other rented for $400 per week – throw those numbers in the spreadsheet and see how it looks.

We all know that they’re not making more land, so a return plus a land-bank play seems like a bit of a no-brainer.
Subject to council approval*

Call today for more information, Gisborne’s secret is out and properties like this don’t last long!
Interior
  • Mixed Joinery
  • Separate Dining
  • Standard Kitchen
  • Heating Electric Heaters
  • Electric Hot Water
  • Electric Stove

Exterior
  • Level Land Contour
  • Partially Fenced
  • Concrete Base
  • Weatherboard Cladding
  • Longrun Steel Roof
  • Sewerage Mains
  • Town Water Supply
  • 2 Storey

Amenities
  • Close to Transport

16 York Street, Inner Kaiti, Gisborne
SOLD Apr 22
Townhouse (Freehold) 
6 Bedrooms
2 Bathrooms, 2 Separate Toilets
2 Car Garaging, Internal Access
1,348 sqm approx.
220 sqm approx.  
$459,000 (2020)
$5,118.68 pa
1960-1969
Listing ID SGB10454
Solomon Real Estate

Price

SOLD Apr 22

Land'em Collier

Salesperson Tairawhiti/Gisborne
Licensed under the REAA 2008

Solomon Real Estate

124 Bright Street
Gisborne, 4010
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