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First Time On The Market
127A-E Massey Street, Frankton, Hamilton City, Waikato 3204
This set of 5 units has been carefully tenanted and maintained since being built circa 2006, purchased by the current owners at that time. Located on a main arterial route to the western suburbs, these units offer tenants good access for transport, shopping and schooling in a good quality, low maintenance home.
Each unit has 2 double sized bedrooms, bathroom, off street parking including a single garage, and open plan living/dining/kitchen area. With a high occupancy rate, these units are currently grossing $141,440k per annum against the current CV of $2.67m giving a gross return of 5.30%pa. After the below insurance and rates costs of $27616.39, the net return before maintenance and other running costs equates to 4.26%pa
Current Landlord insurance costs $8,415.08pa
Current HCC rates $16,653.23pa
Current WRC rates $2,548.08pa
Tender closes 5pm, Wednesday 26th August 2026 (unless sold prior)
Call Rod, or one of the friendly More-Re team for more information.
Rod comes from a background of 45 years in domestic and international banking, where he learnt his trade in product marketing, and financing residential, commercial and rural properties. More importantly, he learnt the value of putting the client first.
Able to relate to a wide range of people in a relaxed, friendly manner, Rod is known for his readiness to go the extra mile to help achieve success for people whether they be buying or selling.
So, if you are looking for someone who will listen to understand, has a knowledge of property and the negotiation skills to meet your real estate needs, knows when to speak and when to listen, and strives to deliver the best possible outcome, call him to discuss your needs.
