10.46% YIELD, FULLY KITTED, FULLY FURNISHED, FULLY RENTED

Listing Number:  682
Posting Date:  26 January 2008






 
Price:$460,000
Listing:10.46% YIELD, FULLY KITTED, FULLY FURNISHED, FULLY RENTED
Type:Unit/Flat
Category:Assignment
Bedrooms:5
Bathrooms:3+
Region:Canterbury
Site Area:1280 m2
Address: Login
Building Area:160 m2
Property Image

Description:

This is a no brainer earner if you are looking for a new challange as a room by room landlord or let the existing company manage it.

This is the rear property in a 14 unit complex and is the biggest one with the most outdoor living. It is situated in the Avon loop which means the city side of the Avon river and is therefore only 10 mins walk to the very center. A beautiful address by the Avon.

This property is currently receiving $750/wk in rent plus $175/wk for utilities = $925/wk.

Utilities (sky, phone, internet and power) cost on average $310/month. Check out the surplus revenue.

This property has the lot, current tennants with individual tennancy agreements (copies available on request) and comes fully furnished including large chattel list including the computer, tv, dvd player, stereo, couches, fridges, washing machines etc, etc, etc (chattel list available). Simply sign up and receive an income

The unit has a single garage and a parking space in front as well as ample on street parking if required. It is two levels and constructed from concrete tilt slab with plaster finish and concrete floors. It has a balcony with a BBQ and room to dine plus lounge space & couch space for all tenants & more.

Two of the rooms have ensuites and the other 3 rooms share between the other two bathrooms, one upstairs and one downstairs. There is also a separate toilet upstairs by the lounge for communal use.

I have copies of the rental agreements of each tenant signed with a fixed sum of money for weekly rent and utlities. This can be produced on request.

There is more here but lets discuss those ideas further if this meets your criteria. Such as increasing the rents by $5/wk on immediately with a further $10 in 3 months time to meet current market rates. Also there is a garage that could be converted into another room for more rent or else rent for $20-$30/week to a tenant for car storage.

This purchase price and yield includes the assignment fee of $10,000. The due dilligence period lapses at 5pm on thursday 7th of February.

This property can be viewed on www.braziers.co.nz listing id 83991

If you live out of town and need to get a valuation, property check, rental assessment etc then call me asap and i will help you arrange that as we need to coordinate to get them through the property.

Call Stuart on 021 828 453