The Agency Real Estate 2026 Limited
The Agency Property Management

Set-and-Forget Investment with Excellent Tenants!

Web Ref#TA3152

Positioned down a private right-of-way driveway, this property offers excellent privacy, complete with a secluded backyard and a sunny front deck.

- Over 8% Return
- Both units are tenanted with tidy, reliable tenants paying $570 per week each, on fixed-term agreements until September 2026
- Tenancy agreements are professionally managed, and the tenants have indicated they would like to stay on
- Combined potential return of approximately $1,140 per week
- Insurance is $5,562.75 for both units, policy available upon request
- Upgrades include new carpet, new heat pump in both units, freshly painted, new kitchen in back unit
- Both units have returned negative meth test results; report available upon request
- Healthy Home compliant reports & tenancy inspection reports available
- Positioned outside of the flood zone as indicated on the Gisborne District Council (GDC) website
- Power meters are separated
- In excellent condition, fully fenced with carport
- GDC Rates:$7,080.99 per year
- Insurance: $TBA

Contact us today to request the information pack and a copy of the Sale and Purchase Agreement, and submit your offer, either cash or subject to your due diligence.

$699,000

Additional Features

  • Rates: $7,080.99

  • Rateable Value: $471,000

  • Year Built: 1970-79

  • Lot Features: ROW

  • Roof: Concrete Tile, Corrugated Iron

  • Exterior: Fibre Cement

Karyn Anderson (Phone 027 515 5398)
Karyn Anderson
Sales Agent
Shannon Sheridan (Phone 021 833 330)
Shannon Sheridan
Principal - Sales Agent