A rare opportunity here to own a multi unit block with a great income.
Selling below Registered Valuation $2.15 million – May 2024 so this is your chance to grab a deal, with great cashflow!
The property comprises of 10 units plus a off street parking, situated on a significant 1215 m2 (more or less) level site – see front block in aerial photos
Located at 177 Tweed St, Appleby it is close to the CBD, restaurants, bars, schools, supermarkets and shopping.
All the units are in tidy condition with some having recently been updated. Heat pumps are installed in each unit.
This is a rarely available asset in a sought after area. We also have 177 Tweed St (units A-J) for sale at the back, buy one or buy BOTH!
Invercargill is favourite amongst seasoned investors, here’s why:
• Highly resilient property market – featured as top NZ region for lowest value decline over past 18 months and again featured as top NZ region for growth in mid 2023 (source Realestate.co.nz).
• Impressive economic growth – constantly surpassing average NZ GDP growth.
• Lower cost of living – 24% less than national average (source Statistics NZ).
• Affordable entry point – for now, lower prices and higher yields to be had.
• Growing population and demand – 6.3% over last 5 years due to cost of living and a thriving economy (source Statistics NZ).
• Infrastructure and development – $180M city block upgrade, $65M museum upgrade, $50M data centre, multiple upmarket hotels (source ICC).
Hurry, this won’t last long! Be part of the success story while you can, contact Tina 021 653 818 today for an info pack including current rental breakdown.
Viewing by appointment only – please allow 3-4 working days for access to the whole block.
