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When the head tenant is Housing New Zealand, coupled with record low interest rates, now is the time to put your money to work and make an intelligent investment.
77 Bordesley Street consists of 6 x 1 bedroom units on freehold titles generating $73,320 (net of HNZ management fee) p.a.
These extremely rare blocks are tightly held due to being constant income generators with zero vacancy and zero headaches.
Built in the mid 2000’s and constructed of concrete tilt slab, each unit consists of a private outdoor area and off-street parking.
With rents reviewed yearly and HNZ maintenance and HNZ reinstatement clauses contained in the lease, these minimal maintenance, freehold units will spark interest from an array of investors.
• Income p.a: $73,320 (Net HNZ fee)
• Insurance p.a: $5,552 (incl GST)
• Rates p.a: $7,436
• Total Expenses p.a: $12,988
If you’re wondering about your next move and not sure what turn the property market is going to take, or you want your money in the bank to work harder for you, sleep easy with this constant income generator.
