Property Details

Price by negotiation

ID: 382197
Council Rates: $2,596.13
Land Area: 776 m²
Building Area: 200

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Unique Investment Opportunity

INVESTORS - This is for you. Don't let earthquakes shake your confidence in the property market. INCOME GUARANTEED.

2 houses - 1 title with options aplenty

Receive a yield circa 5%

2 by 2 bedroom detached homes on one title with future options aplenty:
- Currently leased to HNZ until 2020 with great long term existing tenants
- Option to renew lease or manage yourself from then on (have family in one and rent one out)
- Guaranteed income even if untenanted, with annual rent reviews (next due early 2017)
- Option to convert to separate titles (with permission) to add even more value, or sell one keep one.

Current lease income is $34,632 per annum.

At current interest rates, leased properties cover themselves until you're ready to consider your options in 2020, while taking advantage of capital gain.

Rates $2596.13

Don't miss out on this rare opportunity...........call me today.

Viewing will be by appointment only