40a Allen Street Frankton, Hamilton City

The property is 2 x 2 bedroom split stone units, perfectly situated to one side of a quarter ace (1012m2) section.

There is a strong possibility that an additional duplex can be built on the site, and maybe refurbish the two existing units, or demolish and rebuild.

The existing units are currently tenanted and returning $250 + $270 per week, or $27,000 gross per annum. The land is zoned residential.

This is a great opportunity to buy something with an upside, while still getting an income from the property.

All viewings are by appointment only.

This property is sold by way of Deadline Sale and closes at 12.30 pm on Tuesday 30 October 2018 (unless sold prior). Offers to be delivered to Ray White Hamilton, 91 Victoria St, Hamilton.