Unit 1-8/11 Palmerston Street, Hamilton Central

Long Term Investment Potential

Tender – 26th July 2023

Savvy investors know there is always high demand for rental properties in prime locations, and these eight, one and two-bedroom units are a standout example. Their central location, close to Waikato Hospital and the CBD, ensures they will always also be sought after. Being sold as one package, all units are tenanted and well-managed through a professional property management company. Landlords have further peace of mind knowing they meet Healthy Homes standards, have a good number of long-term tenants, and are of solid concrete block construction. Each is fitted with a heat pump, some have been modernised, and all are part of a two-storey 450sqm building set on a flat 1050sqm section in a highly prized area.

Collectively comprising 12 bedrooms, eight living rooms and eight bathrooms, the tidy units yield $2,895 per week, providing an excellent return on a low-risk, easily managed investment. The multi-unit composition of the property means there will always be a steady income.

Palmerston Street is close to everyday amenities, including schools, supermarkets, retail and commerce; workplaces; major roads; recreation and night life. Hamilton Girls’ and Boys’ high schools are in zone and Hamilton Lake, Waikato River walks, sports facilities, and Hamilton Gardens are nearby. Chattel lists and tenancy agreements are available.

For an information pack, copy and paste the below link on your web browser: https://www.propertyfiles.co.nz/property/771480006