33%+ EQUITY & CASHFLOW $68,640 (YIELD 9.8%)

Listing Number:  1979
Posting Date:  10 August 2011






 
Price:$699,000
Listing:33%+ EQUITY & CASHFLOW $68,640 (YIELD 9.8%)
Type:Unit/Flat
Category:Double Settlement
Bedrooms:6+
Bathrooms:3+
Region:Wellington
Site Area:1337 m2
Address: Login
Building Area:375 m2
Property Image

Description:

There are two blocks (both two storey) with a total of 10 units. Block A has 4 units (1-2 (bottom) 6-7(top) , Block B has 6 units (3,4,5 (bottom) (8,9,10(top).

7 Units are available (other 3 are owner occupied) -(No. 1,2, 3, 5, 6, 9, 10 - available). All have 2 brms except 5&10.

Price: $699,000


Rates: $8,816.15


CV $1,050,000 ($150k each)


Estate: Crosslease


Land Area: 1/10th interest in 1337m2


Key Highlights

- 33%+ Equity & Cashflow

- NO Body Corp fees

- Current Rent $68,640 (Yield 9.8%) - 1 bdrm $160 p/w and 2bdrm $200 p/w. Plenty of room to improve!!

- Rental Appraisal - 1 bdrm $130-$175 and 2bdrm $200-$230 p/w

Check market rent link http://www.dbh.govt.nz/Utilities/marketrent/market-rent.aspx?CategoryId=258&SubCatId=6&SubCat1Id=63&SubCat2Id=71&SubCat3Id=72&ArticleId=53&Version=1.2&TLA=Upper+Hutt&RegionId=9


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