One Property, Two Income Streams

This is a property that makes a lot of sense for investors looking for strong rental income at an affordable entry price.

The home has been divided into two separate tenancies, providing two income streams from one property. One side is currently returning $375 per week, while the other returns $250 per week.

Even better, both tenants are keen to stay on, giving a new owner the opportunity to take over with established tenants already in place.

Both sides are insulated and have their own air conditioning units. One side has been modernised and is well presented, while the other offers an opportunity to add value over time. The exterior and Roof would benefit from a fresh coat of paint, but this is reflected in the asking price.

Set on a 618m² section with approximately 130m² of floor area, the property provides two bathrooms and off-street parking.

With two separate tenancies, two existing tenants keen to remain, strong rental income and a low purchase price, 20 Colvin Street is an excellent opportunity for an investor looking for immediate cash flow with some upside.

Please note, we do not have the LIM report or council file but however you are welcome to order from the Buller District Council. Please visit