Price On Request

Elegant Multi Unit Living With Premium Amenities

  • 10 Beds
  • 5 Baths
  • Updated: Today

About the Property

This set of five units has been carefully tenanted and maintained since being built circa 2006, purchased by the current owners at that time. Located on a main arterial route to the western suburbs, these units offer tenants good access for transport, shopping, and schooling in a good quality, low maintenance home.

Each unit has two double-sized bedrooms, one bathroom, off-street parking
This set of five units has been carefully tenanted and maintained since being built circa 2006, purchased by the current owners at that time. Located on a main arterial route to the western suburbs, these units offer tenants good access for transport, shopping, and schooling in a good quality, low maintenance home.

Each unit has two double-sized bedrooms, one bathroom, off-street parking including a single garage, and an open plan living/dining/kitchen area. With a high occupancy rate, these units are currently grossing $141,440 per annum against the current CV of $2.67 million giving a gross return of 5.30% per annum. After the below insurance and rates costs of $27,616.39, the net return before maintenance and other running costs equates to 4.26% per annum.

Current landlord insurance costs $8,415.08 per annum.

Current HCC rates $16,653.23 per annum.

Current WRC rates $2,548.08 per annum.

Tender closes at 5 p.m., Wednesday 26th August 2026 (unless sold prior).
  • Property type

    House

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127 A-E Massey Street Frankton 3204 NZL, Hamilton, Waikato, New Zealand View on Google Maps
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Rod Fox

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Property Brokers
Property Brokers
240 Broadway Avenue, 4414, Palmerston North, New Zealand
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Property Brokers is New Zealand’s leading provincial real estate brand. A family-owned and operated business, for o
Property Brokers is New Zealand’s leading provincial real estate brand. A family-owned and operated business, for over 37 years, Property Brokers has maintained a dominant market share in the areas in which it operates. Our Property Brokers family started with five people in 1986 and is now over 900 strong with over 90 locations across the length and breadth of provincial New Zealand. It’s a business built on hard work, discipline, friendships, and a powerful sense of family. A full-service real estate company, our people offer services across residential, lifestyle, rural, commercial, property management and building compliance. With over 7,000+ rental properties under management, Property Brokers manages more residential properties than any other company across provincial New Zealand. If you are looking to buy, sell, rent, or have your property managed, please get in touch.
Last updated
Today
First listed
Aug 16
Listing reference
71834684-97bf-11f1-831f-6045bdd61ac4
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