Calling renovators, builders and seasoned investors, this is a rare opportunity to secure a three unit investment with immediate income and significant scope to add value.
Offered to the market as one package, these three weatherboard units on a 517 sq m freehold site present an opportunity for buyers prepared to undertake remedial work and unlock the property's potential.
For the right buyer, the rewards could be compelling through renovation, improved rental returns, or long term land banking in a prime Napier Hill location.
Investment Highlights:
• Three units to be sold as one package
• Opportunity to add value
• Healthy Homes compliant across all units
• Unit 1 and Unit 3 are vacant, offering immediate access to begin improvements
• Unit 2 is tenanted, providing holding income while you add value
Each unit includes:
• Heat pump
• Ceiling insulation
• Extractor fans
Past Rental Income:
Unit 2: $430 per week (currently)
Potential combined income when fully tenanted: $1,180 per week
Whether you renovate and re-lease, reposition for stronger returns, or secure a well located asset with future potential, this is an opportunity with genuine upside.
Contact Leon Dear on 027 575 0004 to arrange your viewing.
Deadline Offers on 7 May, 2026 at 2:00pm at Tremains, Napier (no offers prior)
