Mahere Papa
Positioned in leafy Lonsdale Street near Spring Street is this neat well-presented one bedroom investment apartment.
NOTE: THIS IS AN INVESTMENT PROPERTY AND CANNOT BE USED FOR OWNER OCCUPATION
Featuring a separate living/dining area including kitchenette and has been recently repainted, re-carpeted with upgraded lighting installed. There is a large refurbished bedroom with built in robes as well as a sleek stylish ensuite.
Part of a small scale development it is leased to Comfort Hotels until 7th October 2027 with two further 10 year options that the tenant can exercise.
INVESTMENT SUMMARY:
PRICE: $194,000
RENT: $16,413 pa
RETURN 8.5% Gross
RENT REVIEW: Annually from year 3 of each term
LEASE: Until 7th October 2027
OPTIONS: Two further ten year options
OUTGOINGS:
TENANT (Comfort Hotels) PAYS:
Owners corporation administration fund
Water usage
Insurance
General maintenance
OWNER PAYS:
Owners corporation maintenance fund
Council rates
Water rates
A perfect SMSF investment or set and forget entry level investment.
Inspection by appointment.
Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.