10 Edgecumbe Road & 76A,B,C&D Fourth Avenue
Bay of Plenty
11
5
N/A
N/Asqm
1060sqm
10 Edgecumbe Road & 76A,B,C&D Fourth Avenue Bay of Plenty
proudly marketed by
Reid Realty Ltd MREINZ
MULTI -FACETED AVENUES INVESTMENT
Expressions Of Interest close 4.00pm Thursday 12th December 2019 (If not sold Prior) Five separate titles/investment properties in the early Avenues close to the CBD to be sold in one transaction. A three bedroom character 1930's cottage at 10 Edgecumbe Road and four 1970's two bedroom apartments with pedestrian access off 10 Edgecumbe Road and vehicular/pedestrian access from the physical addresses of 76A, B, C & D Fourth Avenue. With a total current gross income of $98,280 pa this represents a gross return of 7.5% at a sale price of $1,300,000 and 7% at $1,400,000. With bank rates running so low, where do you see the value? Given the early Avenues location, the flexibility of a future owner divesting each property as required and potential upsides through upgrades this has to be a strategic investment for a savvy buyer. Register your early interest today! Contact Ian Grindle on 07 213 0855 to discuss further
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