Triple Income in Prime Gladstone Location

This character weatherboard home on Herbert Street has been thoughtfully converted into three separate flats, delivering strong rental returns in one of Invercargill's most desirable neighbourhoods. Gladstone's reputation as a sought-after area means tenants want to stay, and vacancies stay low.

Current Rental Setup:
- Flat 1 (one bedroom): $330 per week
- Flat 2 (one bedroom): $310 per week
- Flat 3 (two bedrooms): $330 per week
- Total weekly income: $970
- All flats currently tenanted

The property comes with peace of mind for investors - Healthy Homes compliance is complete and meth tests were conducted before the current tenants moved in, so you're buying a property that's ready to perform from day one.

Property Features:
- Character weatherboard home
- Three separate self-contained flats
- Each flat with its own kitchen and bathroom facilities
- Heat pumps in all three flats
- Separate meters for fair utility management
- 675m² section (more or less)
- Off-street parking

This is straightforward investing - the property has been divided to maximize rental return while maintaining the character features that tenants appreciate. The Gladstone location is what really sets this apart from other multi-income properties on the market. It's an established neighbourhood where people choose to live, not just where they end up.
The numbers tell the story: three income streams delivering $970 per week, all compliance sorted, and a location that keeps quality tenants in place. For investors looking at the Invercargill market, this is a proven performer in a premium suburb.

Whether you're building a rental portfolio or looking for a solid addition to your existing investments, this property offers the combination of strong yield and desirable location that makes long-term sense.

Make the smart move - contact me today to arrange a viewing.

Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Local Council and we have not been able to verify the accuracy of the same. Refer to our Passing Over of Information Statement at:
https://www.smr.co.nz/passing-over-of-information
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