- 1 Bed
- 1 Bath
Do you want your rental income guaranteed by the NZ government?
This apartment is leased to Housing New Zealand until 2019 so you can sit back with peace of mind and watch the money roll in.
Tenanted and well located, only moments from Queen Street - you will struggle to find a better investment return in the current market.
The apartment itself is a stylish and spacious one bedroom meaning tenant demand will always remain strong.
When 2019 rolls around you have the option of renegotiating the lease with HNZ or terminating and moving into the property yourself.
Rent: $18,936 per annum
Lease expires on 5th April 2019
Ground rent: $6,800 per annum
Operating expenses: $3,296 per annum
Council rates: $1252.78
Please note: these figures are approximate. Ask for a full information pack today.
This property is LEASEHOLD.