11% GROSS YIELD, 9% NET YIELD

Listing Number:  2457
Posting Date:  10 September 2014






 
Price:$1,092,500
Listing:11% GROSS YIELD, 9% NET YIELD
Type:Commercial
Category:Assignment
Bedrooms:
Bathrooms:3+
Region:Waikato
Site Area: 
Address: Login
Building Area:661 m2
Property Image

Description:

even brand new, fully furnished, self-contained one and two bedroom apartments.
• This purpose built investment property has been designed and located to attract and maintain good quality tenants – people who will take care of the property and pay their rent on time.
• The development consists of the following apartment configuration:
-­ One 2-­bedroom apartment
-­ Five 1-­bedroom apartments and
-­ One wheelchair accessible studio apartment
This development is in the suburb of Melville and enjoys a fantastic location just a short walk from Waikato and Braemar Hospitals, and easy access to Hamilton CBD and Hamilton Lake. This location will ensure strong tenant demand now and into the future.
• Fully equipped kitchens with breakfast bars and bar stools – or a dining table and chairs
• Quality kitchen appliances; oven/microwave, ceramic hob, rangehood, toaster, kettle, cutlery, crockery etc.
• 32” LED wall mounted flat screen TVs with Freeview and prewiring for Sky TV.
• Two seater couch.
• Quality, comfortable double beds with pillows and duvets.
• Double glazed windows, high levels of insulation and heating included.
• Substantial long-­term power savings due to LED interior and exterior lighting.
• Security card readers for the front doors and 24hr CCTV cameras in public areas and the walkways.
• One well-­lit, off-­street car park per apartment.
• Private courtyard per apartment.
Onsite coin-­operated Maytag laundry facilities generating approximately $2,000 per year of income. $950,000 + GST
Each apartment is currently rented for: $275-­350 per week Fully tenanted. Total income $2,090 per week
Gross yield: 11.4% Net yield: 9.2%
Due to the high build quality and excellent location we expect these houses to enjoy good capital gain over time. We believe the tenant demand will remain strong and we expect the rental rates to rise over time.

Call me fast to arrange viewing and discuss offers.


Additional Documents:

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Description: Floor Plan
File Size: 127 Kilobytes
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Description: House Plan
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