This substantial property is being offered for the first time in 50 years. Comprising 8 rental incomes all immaculately presented it makes an ideal peace of mind secure rental income proposition. The way the property is laid out also provides the flexibility for extended family living and/or home and income. Situated on a large land holding (1599m2 zoned Res 6A) with cafes, sports clubs and reserve close by - here's a property that offers lots of options for the astute investor as well as those looking to combine lifestyle and passive income.
Independent Rental Assessment 2 September 2009 $150,800 - $156,520 per annum.
Current Rental Income $120,380 per annum
Villa in 3 flats - 2 x 1 brm, 1 x 2 brm
4 x 2 brm units
1 x 1 brm free standing cottage
Expressions of Interest Close Thursday 15th October 2009 at 5pm (unless sold prior)
Agent on site Saturday and Sunday. Please phone for viewing times. Viewings also available mid week by appointment.
Information pack including Floor Plans, LIM Report, Title, Current Rent Schedule, Independent Rental Assessment plus more are all available on request.
Contact
Paul Raynes
021922982
paul.r@uprealty.co.nz