Sold Property

2/3 Somerset Street, Frankton, Waikato 3204

  • 4
  • 4
  • 2

$710,000

Investor Alert!

Located in a delightful part of the city that enjoys consistent popularity, this property is not like a normal investment, with 4 private studio bedrooms this is superbly positioned and represents genuine value for money at 7.5% potential yield.
When you enter the property into the common area, you are welcomed into the open plan living, dining and kitchen area. The kitchen has everything you need with separate cooktop and oven, pantry and a fridge/freezer. The laundry with washing machine and dryer is hidden away in secret in the common area. There is also access to the double internal access garage on the ground floor.
Walking up the first flight of stairs you come to 3 of the studio bedrooms. All studio bedrooms are furnished with everything you need down to the cutlery. Inside the studio bedroom is a small kitchenette with a small fridge and appliances, ensuite and built-in wardrobes. The final studio bedroom is up the next set of stairs.
The property is currently rented out at $250pw for an individual and $275pw for a couple, plus $20pw for a car park in the double garage.
Our instructions from our vendor are to sell the property. Immediate contact is recommended.
There will be no open homes, but we can arrange a private viewing for you.
Contact Anton today for your private viewing and a copy of the information memorandum office@antonpires.com or 0274 268 667. Property ID: #HM52912

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Sold Date

  • 09 September, 2020

Property features

  • Property Type: Apartment
  • Roof: Longrun
  • Tenure: Stratum in freehold
  • Tenure Detail: An Estate in Stratum in Freehold is Principal Unit 2 and Accessory Unit 7 DP 481715
  • Property condition: Excellent
  • Unit style: Number in block: 5, Number of levels: 3
  • Garaging / carparking: Double lock-up
  • Construction: Block and Linear
  • Joinery: Aluminium
  • Flooring: Vinyl
  • Window coverings: Drapes, Blinds
  • Heating / Cooling: Other (Panel Heaters)
  • Electrical: TV points
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Stove, Curtains, Drapes, TV Aerial Contact Agent for full chattels
  • Kitchen: Separate cooktop, Rangehood, Pantry and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Ensuite: Separate shower
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double and Built-in / wardrobe
  • Bedroom 4: Double and Built-in / wardrobe
  • Laundry: Separate
  • Views: City
  • Land contour: Flat
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
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Office

Harcourts Hamilton Central City

Licensed under REAA 2008

Repayment Calculator

Est. bond $1920
  • 4
  • 4
  • 2

Sold Property

2/3 Somerset Street, Frankton, Waikato 3204

$710,000

Investor Alert!

Located in a delightful part of the city that enjoys consistent popularity, this property is not like a normal investment, with 4 private studio bedrooms this is superbly positioned and represents genuine value for money at 7.5% potential yield.
When you enter the property into the common area, you are welcomed into the open plan living, dining and kitchen area. The kitchen has everything you need with separate cooktop and oven, pantry and a fridge/freezer. The laundry with washing machine and dryer is hidden away in secret in the common area. There is also access to the double internal access garage on the ground floor.
Walking up the first flight of stairs you come to 3 of the studio bedrooms. All studio bedrooms are furnished with everything you need down to the cutlery. Inside the studio bedroom is a small kitchenette with a small fridge and appliances, ensuite and built-in wardrobes. The final studio bedroom is up the next set of stairs.
The property is currently rented out at $250pw for an individual and $275pw for a couple, plus $20pw for a car park in the double garage.
Our instructions from our vendor are to sell the property. Immediate contact is recommended.
There will be no open homes, but we can arrange a private viewing for you.
Contact Anton today for your private viewing and a copy of the information memorandum office@antonpires.com or 0274 268 667. Property ID: #HM52912

Property Features

  • Property Type: Apartment
  • Roof: Longrun
  • Tenure: Stratum in freehold
  • Tenure Detail: An Estate in Stratum in Freehold is Principal Unit 2 and Accessory Unit 7 DP 481715
  • Property condition: Excellent
  • Unit style: Number in block: 5, Number of levels: 3
  • Garaging / carparking: Double lock-up
  • Construction: Block and Linear
  • Joinery: Aluminium
  • Flooring: Vinyl
  • Window coverings: Drapes, Blinds
  • Heating / Cooling: Other (Panel Heaters)
  • Electrical: TV points
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Stove, Curtains, Drapes, TV Aerial Contact Agent for full chattels
  • Kitchen: Separate cooktop, Rangehood, Pantry and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Ensuite: Separate shower
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double and Built-in / wardrobe
  • Bedroom 4: Double and Built-in / wardrobe
  • Laundry: Separate
  • Views: City
  • Land contour: Flat
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
Show More

Sold Date

  • 09 September, 2020

Anton Pires Harcourts Hamilton Central City

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Harcourts Hamilton Central City

Office Harcourts Hamilton Central City Licensed under REAA 2008

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