This investment property is situated in a prime location only a few minutes' walk from Waikato University. The drive time to Waikato Hospital and the Hamilton Central
Business District is approximately 10 minutes.
The chance for an astute investor to purchase an established and fully operational furnished four-bedroom studio apartment complex complete with a shared living
area, kitchen and laundry.
A rare opportunity to grow the income from a large studio apartment. Once rents were adjusted, this would lift the gross yield to 8 %. (A rental appraisal of $1,240 per
week for the property)
The positives are:
• All studios are fully tenanted
• Presently being rented for $1,070 PW
• An incredible rental appraisal of $1,240 PW
• Each studio is fully furnished
• Quality construction throughout
• Built of brick and weatherboard in 2017
• A Healthy Homes Compliant property
• An extensive list of chattels
The financials are:
• Body Corp Levy - $7,947.11 PA (Payment to Long Term Maintenance Fund of $5,880)
• Building Insurance - $2,250.43 PA
• HCC Rates - $6,747.30 PA
• WRC Rates - $600.24 PA
Each studio has its own ensuite plus kitchenette and comes complete with a double bed, couch/chair, TV, fridge freezer, microwave, etc. The downstairs features a shared lounge, dining area and fully equipped kitchen. There is a laundry complete with a washing machine and dryer. A security camera system is also included. Outside there is a private courtyard for the tenant's use.
Please call the listing salesperson, Kevin Benge now at 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
