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Investment opportunities like this don't come around often! NAI Harcourts is thrilled to present an exclusive chance for savvy investors to secure a proven tenanted property. With a brand new lease of 5 years starting from 25th November 2020, this investment property has a fantastic track record of successful hospitality occupation since its construction in 2007.
Boasting a generous 133.33m² of internal floor area, complete with a well-equipped kitchen and amenities, the property also features an additional covered courtyard area on the northside measuring an impressive 98.5m².
For investors seeking a hassle-free investment, this property is a no-brainer. With a secure lease in place, you can enjoy steady rental income and watch your investment grow without any of the headaches of managing tenants or property maintenance.
Investment highlights:
- Leased 5 years from 25th November 2020 + 5 terms of 5 years each
- Annual net rental of $75,288 + GST + Outgoings
- Rent reviews every 2 years
- Professionally managed property
- Outgoings 100% recoverable
- Personal guarantees and security deposit in place
Call us now for more details to obtain a copy of the Information Memorandum and to arrange an inspection time.
Please copy and paste the below link into your browser to download further due diligence documents: https://www.harcourtsfiles.co.nz/listings/JVYP
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.59 km | 3 | 1 | 150m2 | Year 2024 Month 10 Day 20 | - | Council approved | |
0.07 km | 3 | 1 | 98m2 | Year 2024 Month 10 Day 18 | $775,000 | Council approved | ||
 | 0.07 km | 2 | 1 | 72m2 | Year 2024 Month 10 Day 01 | $693,000 | Council approved | |
 | 0.65 km | 3 | 2 | 120m2 | Year 2024 Month 09 Day 30 | $1,135,000 | Council approved | |
 | 0.60 km | 3 | 157m2 | Year 2024 Month 09 Day 20 | $1,036,000 | Council approved |