Invest or Landbank at a Prestigious Address

Location and Position are covered here at 40a Hamilton Road. Get ready to own this unique investment property sitting on a freehold 1031m2 site in one of the most exclusive streets in Herne Bay.

Set down a private landscaped drive you will find this Circa 1960s boutique block of 8 apartments, currently fully tenanted, returning an income of approximately $196,820 with good long-standing tenants.

There are seven 1 bedroom apartments plus a spacious top corner 2 bedroom apartment that enjoys some harbour views. All apartments have access to a seperate outdoor area, gardens for the ground floor and balconies on the top floor.

There are 9 open air car spaces with possible potential to reconfigure and add more.

Increase your return with some updated interiors, perhaps refresh to a trendy level as each apartment becomes available.

With a short walk to the best shopping, food, and entertainment that the city and Ponsonby offer, as well as easy access to Westhaven Marina, motorways, and Ponsonby Primary makes this a popular address and choice with professional tenants.

Savvy investors passionate about location and easy management will find this property very appealing and with interest rates on the decline now is the best time to get back into the investment market or land bank in this superb location.

All conjunctional agents with their buyers welcome.