11% GROSS YIELD CASH COW SO NEAR TO CANTERBURY UNIVERSITY

Listing Number:  2082
Posting Date:  04 March 2012






 
Price:$595,000
Listing:11% GROSS YIELD CASH COW SO NEAR TO CANTERBURY UNIVERSITY
Type:House
Category:Private Sale
Bedrooms:
Bathrooms:2
Region:Canterbury
Site Area:696 m2
Address: Login
Building Area:210 m2
Property Image

Description:

This large house consisting of 8 double bedrooms and 1 single bedroom has been set up as a ROOM by ROOM Rental and appealing for year 2 or 3 University Students or young professional.

The 8 rooms are again rented for this year with some rooms signed for a full 12 months and all rooms are on fixed term tenancies.

Currently returning $1,275 per week this represents a fantastic cash return.

The property is currently under property management so represents a hands off, positive cashflow investment.

This is a fully furnished property and each room comes with a double bed, bedside table, chair and lamp.

The kitchen is fully kitted out including dishwasher, microwave and all cutlery, crockery and cooking equipment.

There is also a Dining table, Heat pump, compliant free standing log burner, Lounge suit and coffee table.

The TV is a 42" Plasma and currently SKY basic, phone and 20gig wireless internet is provided at the monthly cost of $150.00 by the landlord.

Power and rubbish collection is budgeted at around $400 per month.

There are basically 4 double bedrooms downstairs and 4 double bedrooms upstairs, each with individual locks. There are 2 full bathrooms and a third separate toilet. There is also a washing machine provided, and the very warm conservatory provides good drying and airing options.

There is a cloths line at the back of the property and a BBQ area and stream.

There has been no significant damage from any earthquake and an EQC inspection has identified some redecorating work will be carried out.

Please contact me for a copy of the 2012 Tenancy Leases or S&P agreement with a detailed Chattel list.