Orewa Investment Opportunities

Viewing by appointment, give me a call 02102727218.

Double level and double the opportunity. This is the perfectly located investment in Orewa and has been a fruitful rental for the owners but having purchased a new project they must move on. In a great location this home is easily tenantable and will appreciate in value well as all homes on the flat in Orewa within walking distance to local shops and beaches do. Current market rent of ~$700pw gives a tidy yield of +4.2% at the current asking price.

If you are wanting a long term investment this will treat you very well but for the more ambitious there is potential for even more now. Due to the nature of the construction with external access to both floors and 2 bedrooms and 1 bathroom upstairs and downstairs you may be able to create a home and minor dwelling without too much modification. With median rent in Orewa for a 2 bedroom home at $482pw this is a lucrative opportunity for you to create a return of $960+pw approx +5% yield after conversion costs.

Give me a call to view today and begin your due diligence, homes and opportunities like this on the flat don’t come up often.

Reports for this property provided for purchasers include LIM, Property File, Meth Test, Rental Appraisal, Title–view here: https://www.arizto.co.nz/property-search/the-ocean-breeze-beckons