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Block of 6 with new HNZL lease BACK TO LISTINGS
Agent: Chas Wilson PRINT VERSION
Property #1173 $1,920,000

Investment in Mt Albert

This is a special release of 6x2 bedroom units. Excellent location in Mt Albert and the units have been totally refurbished including new kitchens and bathrooms. The block has been leased to HNZL for 5 years with a right of renewal for a further 5 years. Initial rental is $340 per week per unit. HNZL takes a 10% management fee and the rental is paid monthly in arrears. It is guaranteed even if a unit is empty. There is a recent registered valuation available to support the asking price of this sound, secure, freehold investment.Call:RobertTurnbull 021 2416 222











Overheads  
Body Corporate Levy N/A
ARC Levy $97.01pa per unit
Rates $822pa per unit
Current insurance allow $1500 per annum
All flats water metered? no
Cost of water to landlord allow $400 per unit
CV 1,080,000
LV 366,000
VI 714,000
Construction  
Exterior Brick
Roof Tile
Joinery Aluminium
Other  
Garaging Carports
Parking Some on-site parking
Levels 2 storeys
Position Road frontage
Interior condition As new
Exterior condition As new
Age 1970's
Subsequent additions Nil

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