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House in Raumanga
Investing? Secure lease - 52 Weeks Rent Guaranteed
- 3 Beds
- 1 Bath
Are you looking for a more hands off investment and at an affordable level?
This 1990's three bedroom home, with a Housing New Zealand lease securely in place, pays you rent for the full 52 weeks of every year - , guaranteed.. With a final expiry in November 2019 you can just set up and then let your investment grow. The current income of $15,402.56 per annum (before 10% lease margin/management deduction) gives an approximate 8.32% gross return and with the added value of the minor maintenance up to $5000 paid by HNZ this investment certainly stacks up.
To find out more including lease information please call or email.
- 52 weeks guaranteed rent with annual CPI adjustment
- Minor maintenance paid to $5,000pa
- 3 bedroom home on a freehold title
- Leased until November Nov 2019
- Annual rent currently $15,402.56
- Rateable Value: $190,000
- Annual Whangarei District Council rates - $1700.43
Features:
- Electric Hot Water
- Standard Kitchen
- Open Plan Dining
- Separate Bathrooms
- Separate WCs
- Electric Stove
- Ceilings: Gib
- Joinery: Aluminium
- Good Interior Condition
- Single Garage
- Internal Access Garage
- Concrete Base
- Pole Base
- Partially Fenced
- Iron Roof
- Good Exterior Condition
- Decking
- Single Storey
- Steep Section Contour
- Westerly Aspect
- Urban Views
- Park Views
- City Sewage
- Town Water
- Right of Way Frontage
- Above Ground Level
- Public Transport Nearby
- Shops Nearby
- Built-In Wardrobes
- Close To Transport
- Terrace/Balcony
See all features
Chattels:
- Fixed Floor Coverings
- Light Fittings
- Stove
Property ID:
WHC23972
Building:
110m²
Land:
481m² / 0.12 acres
Parking:
Single garage, internally accessed
Bedrooms:
3
Bathrooms:
1
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