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447 Palmerston Road presents an outstanding investment opportunity to purchase all three flats as one block. Each unit is held on a separate title, yet offered together, making this a rare and compelling proposition for savvy investors.
All three properties are Healthy Homes compliant and currently tenanted, with tenants happy to remain in place. The block is professionally managed by The Agency Property Management, ensuring a smooth, hands-off investment from day one. Current rental appraisals sit at $580-$600 per week per unit, delivering a strong approximate return of 8%.
Centrally located close to the Gisborne township, each unit includes its own parking bay, adding to tenant appeal. As an added bonus, the third unit offers space to add a cabin in the backyard (subject to council approval), providing potential for future income growth.
This is a high-yield, multi-income investment in a prime, central location, an opportunity not to be missed.
Contact Karyn or Shannon today for the full information pack.
Expressions of Interest
Rates: $11,140.74
Rateable Value: $432,000
Year Built: 1970-79
Lot Features: Partially Fenced
Roof: Steel/G-Iron, Longrun
Exterior: Fibre Cement
