10 X 2 BED BLOCK UNITS, FULLY FURNISHED, 8.5%

Listing Number:  1485
Posting Date:  04 July 2009






 
Price:$1,125,000
Listing:10 X 2 BED BLOCK UNITS, FULLY FURNISHED, 8.5%
Type:Unit/Flat
Category:Double Settlement
Bedrooms:6+
Bathrooms:3+
Region:Otago
Site Area:400 approx m2
Address: Login
Building Area:1236 m2
Property Image

Description:

An opportunity to purchase a well maintained large block of 10 x 2 beds units. The unit block will be sold fully furnished (as per motel unit) (have full chattel list).

Resource concent granted into Residential units 01/05/09.
Before this they were part of a motel.

The current C.V on this property is $1,345,000
Rates: $8,876

Currently 5 x units are rented.
4 x units returning $350p/w
1 x unit returning $450p/w
On a periodic basis week to week. There is huge demand for property to be rented on a week to week basis in Invercargill and not a lot available. These 5 x rented units rented in a little under a week when first advertised. The other 5 x units are empty so buyers can view if need be.

Each unit is 2 x bed, with open plan lounge-dining-kitchen.
The units are on two levels. Block with Tile roof.
The kitchens are small but practical with small bar fridge, microwave & small cook top.
Each bedroom (20 x) has double or single closets.
Wall to wall carpet in lounge and bedrooms.
Some units have sep toilet others are in the bathroom.
Over all the units are of average size, cosy, very well maintained throughout.

There is a laundry with dryer and a washing machine will be included in the sale with tub. Provisions for a second washing machine will be added to the outside laundry area.

The block is located only moments walk form the CBD and SIT for students which could be attractive for student tenants renting fully furnished. Also located in a quite residential street, close to Invercargill gardens, Art Gallery, shopping mall and within a 10min drive to nearby hospital. Close to local schools.

There is one parking space for each unit and a further 10 x parking for guests.

***I Have a full chattel list from beds, sheets, pillows, mirrors, bedside tables, lamps, 4 x dining table and 4 x chairs, Two seater couchs, arm chairs, microwaves, bar fridges, toasters, and electric jugs, pots, utensils, cutlery & crockery, carpets, drapes and light fittings & wall heaters. FULL LIST AVAILABLE ON REQUEST.

Settlement for this property is 31st July 2009 by way of double settlement.


For further info on this deal, please call/ Text Trean on 021 344494