INVESTMENT BLOCK - Guaranteed Rent with HNZ Lease
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.
Sydenham, A-D/200 Hastings Street - ref #S1889
- Offers Over $1,350,000
- 10 Bedroom/s
- 4 Bathroom/s
- 4 Garage/s
- Listing #S1889
- Legal descriptionLOTS 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
- Improvements A $201,000
- Capital value A $320,000
- 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 377 7122
Licensed Real Estate Agents
The Real Estate industry recommends that, prior to making an offer on any property, prospective purchasers first seek their own legal advice. Any reference to yield or annual return is shown on a 52 week basis. Third party information from local authorities etc should be checked independently before being relied upon for accuracy.