89 Dehra Doon Road, Riwaka, Tasman

Three chalets, an established income stream

Set amongst the rural landscape of Riwaka, 89 Dehra Doon Road offers a different proposition—three independent one-bedroom chalets on approximately 6,312 sqm, with an established rental income.

Each chalet is self-contained, comprising a bedroom, living area, bathroom and toilet, with floor areas of approximately 30 sqm, 30 sqm and 37 sqm. They are compact without feeling overly complicated, designed around the essentials of comfortable, independent living.

The three chalets are currently rented on month-to-month tenancies at $380 per week plus bills, with an additional $10 per week power charge. With each chalet separately metered for power, the existing arrangement provides a straightforward income stream across three individual dwellings.

There is also a practical simplicity to the way the property operates. Each chalet has its own heat pump, gas hot-water califont and double glazing, with a combination of Colorsteel and cedar cladding. The three share an on-site septic system, while water is drawn from a spring and fed through storage and filtration.

Set across a generous rural site, the chalets have their own sense of separation while remaining part of one cohesive holding. Access is via a combination of sealed and gravel driveways, with the upper chalet accessed by sealed driveway and the other two by gravel.

The appeal of 89 Dehra Doon Road lies in the combination of what is already established and what that leaves open for the future. There are three functioning accommodation spaces, existing tenants and an established infrastructure setup, while the month-to-month rental arrangements provide some flexibility for an incoming owner to consider their longer-term plans, subject to the existing tenancies and relevant Council requirements.

Riwaka adds another layer to the proposition. Surrounded by the natural attractions of the Tasman region and within easy reach of Motueka, Kaiteriteri and the Abel Tasman, it is a location that lends itself naturally to accommodation while retaining a distinctly rural character.

For those looking for an established income-producing property, a multi-dwelling holding, or simply something a little different from the conventional residential investment, 89 Dehra Doon Road warrants consideration.

Three chalets. One substantial site. An established use, with flexibility for what comes next.

To receive a comprehensive property information pack or arrange a private viewing, contact Dylan Monopoli on 027 340 5905.