46 Malfroy Road, Victoria Prime Central Investment Opportunity

Available PropertyFiles:

  • /Certificate of Title/
    • Title - 14.11.2024 - 46 Malfroy Road.pdf
  • /LIM Report/
    • LIM Report.zip
  • /Property File/
    • Property File - 46 Malfroy Road.zip
  • /Tremains Property Management Rental Appraisal/
    • Tremains Property Management Rental Assessment - 46 Malfroy Road.pdf

Property Description

With excellent returns. Attention investors and developers! Don’t miss this exceptional opportunity to secure 9 studio rental units on a spacious 1,476m² freehold site, perfectly positioned in a central location. These units are currently generating over $150,000 annually in rental income, with the potential to increase returns to $175,000 per year.

Key features:
•Healthy Homes Compliant: All units meet the latest compliance standards, ensuring tenant comfort and peace of mind.
•Covered Parking: Each unit comes with its own covered parking space, a valuable feature for tenants.
•Convenient Location: Easy walking distance to the central mall, supermarkets, and schools.

Added Opportunity: The property also offers the unique option to maximize your investment by purchasing the adjoining property at 33 Seddon Street – a 3-bedroom home on a separate freehold title (for a total of 2085m2). This additional property currently generates an extra $32,500 annually, creating the potential to own the entire block between Malfroy Rd and Seddon St.

Whether you’re looking to expand your portfolio or explore development possibilities, this is a rare chance to secure a high-performing asset in a sought-after location with good future prospects.

Opportunities like this don’t come around often. Contact me today for more information or to register your interest.

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Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
5. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from anytime.

Contact Karl Hereford

Tremains Real Estate (2012) Ltd

Licensed Real Estate Agent REAA 2008

07 348 6770   021 527 513   karl.hereford@tremains.co.nz   All Listings

Karl is a true real estate professional with a trusted reputation and an enviable record in the property industry. Clients hold him in high regard. Karl’s outstanding level of repeat business is a clear indication of his integrity, proven experience, and ability to build successful relationships and deliver premium results.

A multi-award-winning sales consultant ranked among the country’s top 10% of real estate echelon, Karl prides himself on being true to his word. He is up-front, genuine and reliable, and comes from a strong real estate background.

“My focus is on creating and enhancing value for my client’s property and then negotiating tenaciously for them.” Karl balances professionalism with friendly, approachable service. Carefully steering away from salesman’s jargon, he communicates plainly and sincerely, builds a warm rapport with clients and maintains lasting relationships. “I enjoy interacting with people, seeing them through probably the biggest change in their lives.”

He realizes each client has individual needs and tailors each property a specific marketing strategy to meet his client’s objectives. Cutting corners is not his style.

Karl and his partner Kirsty have two lovely kids, Mac and Maggie, who he devotes his time to when he’s not out working for his clients, getting the job done. He looks forward to meeting with you, and finding out how he can help.