Savvy Investors looking for a guaranteed return of 5% must seriously consider this brand new 20 unit apartment building.
- Leased to Kahui Tu Kaha Limited ( Community Housing Provider ) for 15 years ( 5 + 5 +5 ) at annual rental of $447,200, with annual increase of 2%.
- 1181m2 Freehold Site
- Brand new quality construction Brick & Weatherboard, CCC issued
- Tenant responsible for all regular maintenance
- Sale Price is inclusive of GST
- Meets IRD tax deductibility requirements as a new build, and social housing.
- CV $10,300,000 ( 2021 )