Facts at a glance
Located in a high-growth Silverdale neighbourhood that’s moments from excellent schools, local shops and public transport, our featured properties this week offer a once-ina-lifetime opportunity to invest in a lucrative deal while the real estate market is stable. Presented to the market in outstanding condition, the two-bedroom units are highly recommended for investors, extended families, home and income, or as a land bank for developers.
The location is outstanding as everything you require is within a short radius. Children can walk to Hillcrest High and Silverdale Normal schools, and Waikato University is also close by. More importantly, the arrival of the Waikato Innovation Park, with its long list of globally successful hi-tech companies, has greatly enhanced the area’s desirability for home owners.
Built in the 1970s, the unique two-bedroom units have been designed with style and flair. As real estate agents Tony Kerapa and Gaurav Puri observe, ‘‘The homes will excite and impress you as they have personalities of their own and the quirkiness is just so appealing.’’
No argument there. Set amidst easy-care grounds and boasting ample privacy, the solidly constructed brick dwellings are light-filled and airy, and have good appeal. Both units A and B are on individual fee simple cross-lease titles complete with carports, and offer off-street parking.
The homes offer excellent indoor-outdoor flow for alfresco living, with unit B having the added bonus of a conservatory and large lock-up storage shed. Unit B also offers a heat pump for year-round climate control, and a modernised bathroom with wet area walk-in shower.
The good news for investors is unit A is returning a rental income of $340 per week, and the long-term tenant is keen to stay. It has a current rental appraisal with a projected income of $390 to $410 per week. Unit B is vacant and available for immediate possession.
The added bonus is the 870 square metre residential high intensification zoned land. ‘‘Not only are such properties hard to find, but they are also the ultimate landbank for future opportunity,’’ point out Tony and Gaurav.
The units are being offered in their entirety first. If not sold they will then be offered individually. LIM reports and current rent appraisals are available.
If you care for a private lifestyle that comes with ultra convenience and a handy additional income, then this one is a no-brainer. At the same time, if you would ever want to develop the land and build your dream home, then all the ingredients are in place.
Location: 80A and 80B Carrington Avenue, Silverdale Bedrooms: 4 Bathrooms: 2 2
Auction: 2.00pm, June 18, 2020, unless sold prior
Viewing: At the open homes, Saturday 1.45-2.30pm & Sunday 2pm– 2.30pm or by appointment
Agents
Tony Kerapa, Gaurav Puri
P: 021 284-8633 or 021 110-2391
E: tony.kerapa@harcourts.co.nz, gaurav.puri@harcourts.co.nz W: www.harcourts.co.nz/Property/916255/