INVESTMENT BLOCK - Guaranteed Rent with HNZ Lease

Sydenham, A-D/200 Hastings Street

The ultimate secure rental with a lease in place with Housing New Zealand until June 2021 & 2022. Why bother with ongoing tenant problems when you can leave it up to HNZ and collect the income.

  • 10
  • 4
  • 4
  • Offers Over $1,350,000

Property Information

  • Listing #S1889
  • Legal description LOTS 5-8 DP 370721
  • CT number 286579-82
  • Land Area A 216m², B 185m², C 184m², D 409m²
  • Floor Area A 86m², B 100m², C 100m², D 87m²
  • Land Zone RMD TC3
  • Land Value A $119,000 B $119,000 C $119,000 D $119,000
  • Improvements A $201,000 B $206,000 C $201,000 D $206,000
  • Capital Value A $320,000 B $325,000 C $320,000 D $325,000
  • Rates A $2,145.73 p.a B $2,173.71 p.a C $2,145.73 p.a D $2,173.71 p.a
  • The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.

Great opportunity to purchase a block four adjoining modern investment townhouses. 2 x 2 bedrooms and 2 x 3 bedroom flats, all on their own separate freehold titles. To be sold as a block or individually.

Each townhouse has open plan kitchen and dining with a spacious living area with a wall heater. Good indoor-outdoor flow via ranch slider to sunny and private courtyard. The two bedroom units have a large main bedroom with built-in wardrobe and a single bedroom. The three bedroom units have two double bedrooms with built in wardrobes and a single bedroom. Bathroom with shower, toilet and vanity. Single internal access garage with laundry.

Good holding income, currently achieving a fantastic $335, $415, $415 & $335 per week, total weekly income of $1,500 per week = $78,000 per annuum (gross, before hnz management). Three units have yearly rent reviews and one on cpi annual rent reviews.

Located in a great location in sydenham/waltham. These units are on their own freehold titles on 216m2, 185m2, 184m2 & 409m2 of rmd tc3 land.

All eqc repairs have been completed and upgrades completed as part of renovations, insurance in place with lumley.

Be quick for this one, it's one of the best on the market!

To view, call Braziers on (03) 377 7122

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Email Rebecca Manawatu about A-D/200 Hastings Street

Email Neil McLaughlin about A-D/200 Hastings Street