Ray White Ellerslie - Now Realty Limited Licensed (REAA 2008)

Ray White provides a broad range of real estate services from selling your property to property management. Visit our website to see over 12,000 properties on display.

We are a family owned business. When you choose Ray White, you are choosing over 100 years of experience and a name you can trust. We guarantee it!

Contact us to find out how Ray White can help you when it comes to property.

Ray White Ellerslie
Now Realty Limited Licensed (REAA 2008)

Real Estate Agents

Ray White Ellerslie - Now Realty Limited Licensed (REAA 2008)
Greig Kirby
Ray White Ellerslie - Now Realty Limited Licensed (REAA 2008)
Suite 1
101 Main Highway
Ellerslie
Auckland 1051
Share
Listing #:
ELL34789
Listed:
11 hours ago

Price on Application

Classic Investment Units - Tokoroa - $825,000

16 Margaret Street, Tokoroa, South Waikato
Residential Unit
bedroom
6 Bedrooms
bathroom
3 Bathrooms
toilet
3 Toilets
carparkcovered
3 Covered Car Parks
landarea
852m2 Land Area
About this property
A classic and tightly held block of units, proudly positioned on a sunny corner site. Constructed in enduring brick, this well-presented investment offers reliable passive income and strong long-term capital growth.

If you're seeking a seamless, set-and-forget opportunity, 16 Margaret Street, Tokoroa delivers exactly that. The property comprises three purpose-built two-bedroom units on a generous 852m² freehold section. Each unit includes a single carport, additional off-street parking, and enjoys attractive, low-maintenance northerly grounds-providing warm, comfortable living for tenants.

With stable, long-term tenants who wish to remain, the rental income is consistent and effortless. An independent rental appraisal of $410-$430 per week per unit equates to an approximate annual return of $67,080, delivering an impressive 8.13% gross yield-a true banker's delight.

The location is exceptionally convenient, offering easy access to local amenities, schools, social clubs, and Tokoroa's CBD. High occupancy levels and proven tenant longevity highlight the strong demand in this area, making this a low-stress, hassle-free investment-ideal for both absentee owners and local investors.

Please contact the listing agent for viewing times

Please note: As all units are currently tenanted, a minimum of 24 hours' notice is required for viewings.
Property buyer's checklist
Check out whether you can get fibre internet
Meet your new neighbours on Neighbourly