YOU WOULD BE MAD NOT TO BE INTERESTED IN THIS DO-UP

Listing Number:  1262
Posting Date:  22 October 2008






 
Price:$240k plus assignment fee
Listing:YOU WOULD BE MAD NOT TO BE INTERESTED IN THIS DO-UP
Type:Unit/Flat : Do-Up
Category:Assignment
Bedrooms:3
Bathrooms:2
Region:Auckland
Site Area:144 m2
Address: Login
Building Area:undivided 2 3 int in 1019 m2
Property Image

Description:

I have just re-negotiated on this contract and have a verbal agreement for the vendor to sell at $230k if the purchaser is willing to go unconditional - that's $75k instant equity, 24.6% under RV and 7.5% yield. Registered valuation of $305k done 18th July 2008

The existing written contract is for $240k (plus $5,625 including gst assignment fee) for this 1920's character property in a good Pukekohe street.

This great street is within walking distance to the thriving town of Pukekohe, so you would be buying a property in a good location with an excellent potential capital gain.


House is divided into two flats
1 bedroom plus bathroom - been rented to same tenant for approx. 1 year for $150pw and the tenants want to stay
2 bedroomed plus bathroom was rented until recently at $180pw

This property needs TLC as the 2 bed flat was broken into recently and the hot water cylinder was taken and up to 20 holes have been put in the walls.
The owner is not interested in getting it fixed and just wants to cash up.

I am currently waiting for a builder's estimate to make the necessary repairs. This information will be posted shortly.

Contract details
Purchase price $240,000, or $230k if u/c
Assignment Fee $5,625 inc gst
Deposit $12,000
Unconditional date 10th November 2008
Settlement Date 22 December 2008

Call Pippa on 021 826 433 or 09 445 2643


Additional Documents:

Click to Download
Description: Registered Valuation
File Size: 1.13 Megabytes