506 Kingsford Smith Drive, Hamilton.
HIGH YIELDS FOR THE ASTUTE INVESTOR
Savvy Investors will delight in the long and short term returns of this highly sought property. With Zoning of Mixed Use 3 allowing a 4 storey limit and no demolition control, there's a myriad of possibilities for development (STCA). Currently returning circa $85k per annum, the gross yield is also sitting close to 9% which is unheard of in recent years! The property consists of a main house on two full levels with 3 generous bedrooms, plus detached 2 bedroom flat on the lower level with plenty of off-street parking enough to house a large extended family. Features include: - High rental return circa $85,000 per annum - Separate detached self-contained Granny Flat - Mixed-Use 3 Zoning with 4-storey limit - NON demolition control - Walk to Portside Wharf and Racecourse Road precinct - Central to Airport and CBD - Off street parking
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Get to know the area.
Known for it’s highly sought after location and picturesque river views, Hamilton has a perfect blend of community vibes, heritage aesthetics and entertainment culture. Historically identified for it’s top-tier villas and large estates, Hamilton oozes suburban charm that keeps the locals loyal to this appealing riverside neighbourhood.
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