House Converted With Holding Income

Unique opportunity to purchase a House Converted into 1 x 3, 1 x 2 & 1 x 1 bedroom flats. Located up a rear section on 745m² of Residential 1 H (Hanmer Springs) zoned land.


Hanmer Springs, 1-3/18b Scarborough Terrace - ref #S1813

  • Price by Negotiation
  • 6 Bedroom/s
  • 3 Bathroom/s
  • 1 Garage/s

Property Information

  • Listing #S1813
  • Legal descriptionLot 2 DP 82472
  • CT number CB47C/1180
  • Land area 745m²
  • Floor area 243m² approximately
  • Land zone R1H (Hanmer Springs)
  • Land value $215,000
  • Improvements $365,000
  • Capital value $580,000
  • Rates $4,652.40 p.a.
  • The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.

House converted into 1 x 3, 1 x 2 & 1 x 1 bedroom flats (1 bedroom not shown on HDC records).

745m² of Residential 1 H (Hanmer Springs).

Great holding income.

Single garage and 3 single carports.

Insurance in place.

This property is well maintained and presented with renovations and upgrades done. New roof and spouting. Upgraded wiring. Flats 2 & 3 have been recently repainted inside, modern kitchens and bathrooms with new carpet and vinyl. Insulation in the relined walls and in the ceiling. Flat 1 has new carpet and vinyl to be passed over to the new owner to install at a later date.

Each flat having their own kitchen, bathrooms and two flats with spacious living areas. All units have a heat pump and their own private fenced courtyards.

Currently rented at $180, $300 and $380 per week = $860 per week = $44,720 per annum.

Situated in a prime location close to Hanmer Springs Hot Pools, within walking distance to local shops and restaurants and across the road from Dog Stream Recreation Reserve.

A great opportunity for any investor wanting high returns on their investment.

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To view, call Braziers on 377 7122

Rebecca Manawatu

Brazier Property Investments Ltd MREINZ
Licensed Real Estate Agents
03 963 3942 (DDI)
021 570 156 (Mobile)
(03) 3777 122 (Office)
(03) 3777 120 (Fax)

The Real Estate industry recommends that, prior to making an offer on any property, prospective purchasers first seek their own legal advice. Any reference to yield or annual return is shown on a 52 week basis.  Third party information from local authorities etc should be checked independently before being relied upon for accuracy.