6 BEDROOM HIGH INCOME EARNER IN SUNNY MARLBOROUGH

Listing Number:  2567
Posting Date:  13 March 2015






 
Price:$430,000
Listing:6 BEDROOM HIGH INCOME EARNER IN SUNNY MARLBOROUGH
Type:House
Category:Assignment
Bedrooms:6+
Bathrooms:2
Region:Marlborough
Site Area:200 m2
Address: Login
Building Area:835 m2
Property Image

Description:

This is a 6 Bedroom property with a huge rental gain on Rousehill Street, in Renwick, Marlborough.

The last property we had like this was sold within minutes.

This is a higher than normal yield as it is rented by viticulture workers in the Marlborough region 10 months of the year.

This property accommodates 10 workers with six bedrooms, with full occupancy this property receives a weekly income of $1,300 per week, these are high yields and can earn you the cash-flow you have been after and can support other properties in your portfolio. These are great yields for the normal Marlborough property market.

It is a property in Renwick that is crucial in the group of properties managed by Seasonal Solutions. It is just a short 10 minute drive from Blenheim in the heart of Marlborough Wine country. Situated on a corner site with a full 835 sqm section is this large 200 sqm home.

The kitchen is situated upstairs with an open plan lounge and dining opening out to the deck with views of a neighbouring vineyard. This is a large property with a small kitchenette and bathroom downstairs. There is room to add value here.

This place is extremely well managed by Seasonal Solutions, they have 10 workers in there for approx 10 months of the year, the income is approx $52,000 a year. After all expenses it is approx a 6.5% true net yield.

Fix your mortgage for as long as you can and enjoy this investment getting better than 200% more rent than other rentals in the area.


For more information please feel free to contact Mark@propertyventures.co.nz or call (09) 5227963 or 021 402990.