34 Alma Road, Gonville, Wanganui, New Zealand

A Home and Income with a Great Return

An excellent investment opportunity just minutes from the CBD.

This could be a home with the wonderful cash flow added bonus from the four attached apartments.

The four apartments have one bedroom, a lounge, a kitchen and one bathroom. All are modern and up to date, having been recently redecorated.

The main house, which has also been redecorated to a high modern standard, has three bedrooms, two bathrooms and a lovely big in-ground pool for relaxing in during the warm summer months.

The main house is insulated with batts in the ceiling. There is no insulation in the apartments.

The current combined rents on the four apartments is $800p/w.

The main house rent is $285p/w.

However, a recent new rental appraisal has shown that $210 per apartment and a rent of $360 for the main house could be achieved.

This equates to a huge 8.3% gross yield of the asking price, making this an excellent investment opportunity.

These apartments and the main house are all on a 1607sqm freehold site.

Each of the four apartments has a car port and a private front yard.

The main house has a double garage and private courtyard by the pool.

This property is within an easy commute to the Gonville shopping centre or the CBD and within easy walking distance to the hospital.

This could be a fabulous investment package or a home with an added income.