5D/15 City Road Auckland Central, Auckland City

With a Housing New Zealand lease in place until February 2019, you are guaranteed the rent you are promised.
- Fabulous one-bedroom apartment over 40 square metres
- Solid building
- Superb location just off Queen St
- Close to universities, Aotea Centre, Symonds St etc
- Ground rent (p/a): $5,147 (Yes, this is indeed leasehold)
- Body Corp (p/a): $3,653
- Rates (p/a): $1,025
- Annual Gross Income: $17,172
You do the math overseas vendors have enjoyed the steady positive cashflow and now it's your turn.
What return would excite you without even lifting a finger?