Brand New with 5.8% Gross Yield in Hamilton

4/188 Ulster Street, Whitiora, Hamilton - $700,300

This is a brand new, centrally located, high quality property in Hamilton. This townhouse will provide an easy-care investment with next to no maintenance for years to come. In addition, it is a positively geared new build with a gross yield of 5.8%.


Highlights:

Property Features: 3br / 3ba / Townhouse

  • Price: $700,300
  • Gross Yield: 5.8%
  • Rental Status: $790 p/w
  • Rent Appraisal: $780 - $810 p/w
    TBC in writing
  • Annual Rates: $2,200
  • Estate Type: Stratum in Freehold
  • Annual Body Corporate Fee: $1,376

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

About the Property

This purpose-built investment property consists of three fully furnished bedrooms; each with their own bathroom, kitchenette and wardrobe. They also contain a communal kitchen, lounge and laundry.

Even though this property has only just had title released, is already tenanted, proving that it enjoys high tenant demand, and rents for studio units like this continue to rise. You will enjoy three separate income streams, reducing your risk and maximising returns. New builds typically are cashflow neutral, so when we find one with a projected cashflow of over $3,500 per year positive on interest only lending, we know that this will not last long.

The brand new nature of the property plus the most extensive list of furnishings we have seen will give you a large chattels depreciation benefit, further improving your cashflow.

The property will be sold fully furnished including a full kitchen with all kitchen appliances, washing machine, LED TVs and heat pumps in each room, beds, table and chairs, sofas, curtains and blinds and much more. Each room also has its own power meter that is paid by the tenants. Only the power in the communal area needs to be covered by the landlord. A full list of the chattels will be available upon request.

Security has also been considered, with the design including exterior lighting to illuminate the footpath and parking areas. Each bedroom has its own assigned carpark, which is a unique feature in these developments. Keypad entry to front doors and exterior CCTV security cameras ensure tenant safety.

Amenities

This townhouse is located on the edge of the CBD. It is within walking distance to Victoria Street, the central mall and a huge range of shops, supermarkets and jobs. As mentioned, this property is already tenanted, however this high quality property and great location will guarantee high tenant demand now and into the future.

Ben Meehan
Licensed Salesperson - REAA 2008

ben@ifindproperty.co.nz
022 616 5068

Contact us about this property

Agent Contact Details

Ben Meehan
Licensed Salesperson - REAA 2008

ben@ifindproperty.co.nz
022 616 5068

Hamilton Property News

Hamilton investment property market news, stats, case studies and more, periodically delivered to your inbox.

Do you currently get iFindProperty emails?

Yes - Login and amend subscription

No - Subscribe

Registration successful!