FULLY TENANTED - AN INCREDIBLE RENTAL INCOME OF $61,360 PER YEAR !
$1,240 PER WEEK RENTAL APPRAISAL
$61,360 PER YEAR RENTAL INCOME
8 % GROSS YIELD
VIEW BY APPOINTMENT
An investment property located in Hunter Street which is an easy walk to Victoria Street in the Central Business District in Hamilton. The property is also only a few minutes' walk to the Hamilton Lake and the Verandah Cafe, the walk way around Hamilton Lake and the park like grounds at the Lake. The property is also only a few minutes' walk from Waikato Hospital who is the largest employer in the Waikato.
The location is excellent, and the property has a high occupancy rate. This is an ideal investment with four furnished studio rooms in a low-maintenance apartment. The exterior of the Apartment has just been repainted. The Apartment is constructed of composite weatherboards, brick, double-glazed aluminium joinery plus a coloursteel roof. The Apartment has a shared living area, kitchen and laundry.
The positives are:
• All studios are fully tenanted & furnished
• An incredible rental income of $61,360 per year
• Built in approximately 2014 of low-maintenance materials
• Quality construction throughout -Healthy Homes compliant- an extensive list of chattels included in the sale
• Body Corp Levy of $3,960.85 including Building Insurance
Each studio has its own ensuite bathroom and kitchenette, which includes a sink. The bedrooms are equipped with a double bed, two-seater couch, TV, bar fridge, microwave, table and two chairs, and a wall-mounted heater. On the first floor, there is a shared lounge with a heat pump, dining area, and fully equipped kitchen including a fridge. There is a laundry equipped with a washing machine and dryer.
This property is offered for sale complete with furniture and chattels. You will need to make a time to look through it. Please call the listing salesperson, Kevin Benge, now on 0210666972 for further details to avoid disappointment.
PLEASE NOTE - Images have been virtually staged for marketing purposes
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
