GISBORNE FLATS 10% RETURN

Listing Number:  250
Posting Date:  15 September 2007






 
Price:$330,000
Listing:GISBORNE FLATS 10% RETURN
Type:Unit/Flat
Category:Assignment
Bedrooms:3
Bathrooms:1
Region:Gisborne
Site Area:1375 m2
Address: Login
Building Area:800 m2
Property Image

Description:

this is a good deal if you want POSITIVE CASHFLOW and a passive investment where the tenants pay your property off!!

block of 4 x 3 bedroom flats in excellent condition.
freehold
painted and in good condition on the out side

each flat has ample parking and a carport

inside each flat is in very good condition with maintenance being kept to a high standard. each flat is double story with 3 bedrooms upstairs and lounge and kitchens downstairs.

the vendor has lifted the standard of this block of flats and is retiring further up the coast. and they are fully tenanted and running smoothly. most of the tenants are long term.

gisborne is a thriving town above hawkes bay on the east coast with lots of employment with orchards,agriculture and freezing works. and a great climate.

10% return is very difficult to get, and no money needs to be spent on this property. this investment will only grow with rent increases.
figures.
price, $330,000. deposit $7000. settlement 60 days from unconditional date.
rent 3x $160 and 1x$150=$630. market is $170
phone 06 836 5580 or 027 651 3419 for details
Assignment fee is $7500. lim report from 2005 available