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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
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Tokoroa - Three Bedroom Rental Investment - 40% Trade


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RegionWaikato
Property TypeResidential
Asking Price $105,000
Trade Dollars $42,000
Cash Dollars $63,000
Price Notes40% Trade
VendorPeter
027 4711 190
sanseb@gmx.com
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  • RV - 27 Billah Street Tokoroa.pdf  
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    Conditions
     
    Located in an established residential area of Tokoroa, this home is the quintessential three bedroom New Zealand bungalow and is great buying at just a smidgen over $100,000.

    Tokoroa is popular with property investors looking for cash-flow properties, and this is reflected in the increase in residential property values and strong demand over the last nine years. Although many investors have sold-down excess properties in recent years, the general opinion amongst local real estate and investor sources is that the market would appear to have consolidated to 2008 levels.

    The property is currently tenanted on a 12 month lease at $150/week and therefore is achieving a gross cash-on-cash return of 12%/annum.

    The vendor has provided a brand-new Registered Valuation to support his asking price and is willing to accept 40% in trade, so this opportunity won't last long.

    Don't delay - call Peter on 027 4711 190 today

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    Cameron Owen

    09 414 6837