Two units for an outstanding price in Wainuiomata

Description

Situated very near the corner of Hine Road, sit 2 x 2 bedroom 90m2 units on a cross lease section of 535m2.

The attached garage provides a good separation between the two units.

Each unit is well heated with a heatpump and insulation under the floor and in the roof space. The extractor fan and rangehood make it an easy choice for your next investment and the aluminium windows is another advantage.

The property will be sold with vacant possession. It has had some tidy up and it is currently staged for selling.

With a rental appraisal of $530-$550pw, this represents at attractive 7% Gross yield on asking price

1a and 1b Sunny are available separately, however this is a special iFindProperty offer for investors keen on the benefits of multiple income streams.

PROPERTY DETAILS
  • Bedrooms: 4
  • Bathrooms: 2
  • Car parking: 2
  • Floor area: 90m2 per unit
  • Land area: 535m2 (both units have 1/2 share)
  • Estate type: Crosslease (Freehold)
  • Rental status: Vacant
  • Rental appraisal:$1,060 - $1,100 (Written rental appraisal available to potential purchasers)
  • Rates: $2,553.69 per unit
LOCATION
  • $820,000
  • Gross yield: 7% appraised
  • Rental appraisal: $1,060 - $1,100 (Written rental appraisal available to potential purchasers)
  • Annual rates: $2,553.69 per unit
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ABOUT THE AGENT

Peter Ambrose

Licensed Salesperson
REAA 2008