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Sold Property
$2,400,000
This massive opportunity is money in the bank for your portfolio.
On offer are:
4 x 2 bedroom units
4 x 1 bedroom units (*1 vacant)
With seven of eight units occupied (the eighth vacant for your viewing), the property already delivers a holding income of $110,760pa.
When the one bedroom unit is let, the property could deliver $125,060 per year and a 5% yield.
(Median market rent for 1 bedroom flat in Hamilton East = $280 per week, as sourced from Tenancy Services 1 July - 31st December 2021)
There is also a strong upside if you choose to renovate and bring the units to healthy homes standard. After renovations, combined weekly rent could be between $141,440 and $153,920 as assessed by two local rental firms.
Of solid block construction, these units are only a short walk to local shops, schools, cafes, the bus stop, minutes away from Claudelands Events Centre (Globox Arena) and the main arterial roads, which feed the CBD and beyond.
To secure this opportunity, contact Mark today for a detailed information memorandum and to arrange your private viewing.
Property ID: #GV4737
Office
Licensed under REAA 2008
Sold Property
This massive opportunity is money in the bank for your portfolio.
On offer are:
4 x 2 bedroom units
4 x 1 bedroom units (*1 vacant)
With seven of eight units occupied (the eighth vacant for your viewing), the property already delivers a holding income of $110,760pa.
When the one bedroom unit is let, the property could deliver $125,060 per year and a 5% yield.
(Median market rent for 1 bedroom flat in Hamilton East = $280 per week, as sourced from Tenancy Services 1 July - 31st December 2021)
There is also a strong upside if you choose to renovate and bring the units to healthy homes standard. After renovations, combined weekly rent could be between $141,440 and $153,920 as assessed by two local rental firms.
Of solid block construction, these units are only a short walk to local shops, schools, cafes, the bus stop, minutes away from Claudelands Events Centre (Globox Arena) and the main arterial roads, which feed the CBD and beyond.
To secure this opportunity, contact Mark today for a detailed information memorandum and to arrange your private viewing.
Property ID: #GV4737
Office Harcourts Hamilton Glenview Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
$545,000 45 Gilbass Avenue, Hamilton Lake, Waikato
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