Waikawa Road, Picton, Marlborough

A rare find. This freehold property encompasses three separate self-contained accommodation residences. Comprises two comfortable 2-bedroom units on the ground floor with rear access and a spacious 4-bedroom home above with a large sunny balcony and pleasant vista to the marina and hills with private front access. Off-street parking and easy-care grounds. A close walk to Picton town and all amenities. You could live privately in the house, and enjoy a healthy income from the units. The upstairs home and two lower units are in tidy condition with recent decoration. All tenants would like to remain. Rates are $8019 p/a and insurance $4946 p/a. This investment could at $950K give a 7% plus gross return or 6% plus nett return. Unit titles of the three residences have been fully approved by Marlborough District Council, allowing the units to be sold separately if desired, potentially for a good price.