54 Lismore Street, Merrilands, New Plymouth

Two Dwellings on One Title

Don't miss this unique investment opportunity positioned on a popular Merrilands address. The original front house is three bedrooms and has been occupied by the same tenant for a number of years. The rear two bedroom dwelling is contemporary and has good tenants in place. All up we have a property that returns $520 per week with the possibility of both tenants remaining in situ. The section is level (731m2) and easy care with a selection of schooling options and the local shops only moments away. Continue with collecting the rent and wait for the perfect time to redevelop (residential A zoning). There is also the potential to add value with improvements that would in turn allow for an increased rental income. Explore the options today and call us for the next available viewing time.\n\nTenders close 4pm on the 12th of March 2015 at the Bayleys New Plymouth Office (unless sold prior)\n