BRICK & TILE
VIEW BY APPOINTMENT
This large 98 sqm Unit is the ideal investment for an astute buyer. A guaranteed rental income whether the property is vacant or tenanted.
The property is built of brick, has aluminium joinery and a tile roof. This unit offers a spacious open plan living and dining area, a well-appointed kitchen, two large bedrooms, a bathroom with shower and vanity, internal access garage plus a courtyard.
The property is leased to Kainga Ora on a fixed term tenancy until 13th August 2024 for $1,934 rent per month (net). The rent is reviewed annually as per the Lease Agreement with Kainga Ora and adjusted accordingly. The Body Corporate Levy is $1,370.24 per year which covers external repairs and maintenance. The Levy for Building Insurance is $1236.81 per year.
Located on Enderley Avenue, directly off Peachgrove Road which leads onto Boundary Road, this provides easy access to the transport routes and the Central Business District. The property is in close proximity to the Five Cross Roads Shopping Centre. The Unit is also within easy reach of Hamilton East and the Hamilton Gardens. Only a few minutes' walk to the Five Cross Roads and the Countdown Supermarket on Peachgrove Road.
Please call the listing salesperson Kevin Benge now of 0210666972 for further details on this property.
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Hamilton City Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.
According to the IRD, as the property's sole purpose is for social housing and it is leased to a government department Kainga Ora, then the owner can still claim interest deductions (Purchasers should confirm this with their accountant or solicitor before proceeding further with this property).
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