sold
View 3+
1 of 8
1 of 8
Sold Property
Lisa Wong Harcourts Ilam
John Morrison Harcourts Ilam
Deadline for offers is 4pm Tuesday July 4, 2023
This complex, in a convenient location handy to Church Corner shopping precinct and the University was purpose-built for student accommodation, with all properties on Unit titles. Our subject property features 5 bedrooms, one downstairs and four upstairs. There are also two bathrooms, one upstairs and one downstairs, ensuring that everyone has easy access to facilities. Currently fully tenanted on a room-by-room basis and returning $800 gross per week, with tenancies fixed until January and February 2024. Based on the current list price this equates to a Nett return (after allowing for Body Corp Fees - currently $6182.88 PA. and Rates- currently $2681.43) of almost 7.5%. And there's scope to enhance the decor and add value to both the property and it's potential rental income too.
This is an attractive investment opportunity, with a high yield and low vacancy rate. Do your own sums and decide what you're prepared to pay.
To access the property files, please copy and paste the following link into your web browser: www.propertyfiles.co.nz/property/19-74HansonsLn
Property ID: #IL6669
Office
Licensed under REAA 2008
Sold Property
Deadline for offers is 4pm Tuesday July 4, 2023
This complex, in a convenient location handy to Church Corner shopping precinct and the University was purpose-built for student accommodation, with all properties on Unit titles. Our subject property features 5 bedrooms, one downstairs and four upstairs. There are also two bathrooms, one upstairs and one downstairs, ensuring that everyone has easy access to facilities. Currently fully tenanted on a room-by-room basis and returning $800 gross per week, with tenancies fixed until January and February 2024. Based on the current list price this equates to a Nett return (after allowing for Body Corp Fees - currently $6182.88 PA. and Rates- currently $2681.43) of almost 7.5%. And there's scope to enhance the decor and add value to both the property and it's potential rental income too.
This is an attractive investment opportunity, with a high yield and low vacancy rate. Do your own sums and decide what you're prepared to pay.
To access the property files, please copy and paste the following link into your web browser: www.propertyfiles.co.nz/property/19-74HansonsLn
Property ID: #IL6669
Office Harcourts Ilam 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.
Share