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53c Otaika Road Raumanga, Whangarei District

Sold for $185,100 on 16 Jul 2015
  • 3 Beds
  • 1 Bath
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53c Otaika Road, Raumanga, Whangarei District

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