Currently tenanted and returning $565 per week, this property offers investors a 5% gross yield (approx.) from day one. With confirmed Port Marlborough and ferry precinct redevelopments, Picton’s rental market is tightening. Infrastructure upgrades are driving jobs, tourism, and housing demand - making this property a secure, hands-off investment.

The 1980s build spans 170sqm (approximately) while its north-facing 650sqm site gives sweeping views of Picton and the Marlborough Sounds. An open-plan kitchen, living, and dining area is tenant-friendly, featuring an electric cooktop, rangehood, mini hot water cylinder and ample storage. There is a wood burner with wetback plus heat pump to warm winter nights, while the deck invites summer relaxation. There are 3 double bedrooms, including a spacious master with built-in wardrobe and private deck access. One bedroom offers external rear entry too. The bathroom has a shower-over-bath and vanity, with a separate toilet nearby.

The double garage includes a workbench plus laundry. A low-maintenance section includes a gated deck and level street parking also. Featuring a concrete foundation, fibre cement cladding, and a metal roof, this ‘healthy homes compliant’ property is well located near SH1, ferry terminals, and Picton's CBD.

A smart buy for investors seeking returns and future growth. Secure this hands-off opportunity today!