Gisborne
386 Palmerston Road, Gisborne, Gisborne
+9
Easy care investment
This centrally located property offers new owners peace of mind with both commercial and residential tenancies producing steady returns presently at $58,400 per annum (excluding GST - but less a residential tenancy portion of OPEX). The spacious first floor 2 bedroom flat has recently had a new bathroom and roof installed. With the shortage of accommodation in the Gisborne area, the flat has always attracted long term tenants. Having been almost fully rebuilt after fire damage several years ago, the building is not considered as earthquake prone - seldom do we see such properties available to purchase in busy Palmerston Road, being so close to the Gisborne CBD.
This property must be considered as an ideal investment for passive investors.
Colin McNab
Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Opportunity
An ideal investment for passive investors with two tenants offering split risk and peace of mind.
Multi-use
Earthquake compliant, commercial and residential tenancies with an enclosed rear yard.
Anchor tenants
New lease being pre-pared for anchor tenant.
Location
Centrally located close to the Gisborne CBD.
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Property files
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