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2/2 Palmerston Street, Hamilton Central, Hamilton, Waikato, 4 Bedrooms, 4 Bathrooms, Townhouse

By Negotiation

2/2 Palmerston Street, Hamilton Central, Hamilton, Waikato

4
4
119m2
TownhouseListed on Fri Jun 14

Hamilton Central 4 Bedroom 7% GROSS YIELD - INCOME OF $1,060 PW

FULLY TENANTED - AN INCREDIBLE RENTAL INCOME OF $1,060 PW !

VIEW BY APPOINTMENT A rare opportunity for an astute investor. This is an ideal investment with four furnished studio rooms in a low maintenance Apartment returning an incredible rental income of $1,060 PW. The Apartment has a shared living area, kitchen and laundry.

This investment property is situation in a prime location only a few minutes' walk from Waikato Hospital and the Hamilton Central Business District. The location is excellent and has a high occupancy rate.

The positives are:

• All studios are fully tenanted & furnished

• An incredible rental income of $1,060 PW

• Built in 2015 of low maintenance materials

• Quality construction throughout

• Healthy Homes Compliant

• A extensive list of chattels included in the sale

• Body Corp Levy - $2,029.83 PA

• Building Insurance - $2,036.04 PA

Each studio has its own ensuite plus kitchenette and comes complete with double bed, two-seater couch, TV, bar fridge, microwave, wall mounted heater, etc. The downstairs features a shared lounge, dining area and fully equipped kitchen. There is a laundry equipped with washing machine and dryer. Outside there is a private courtyard for the tenants use.

This property is offered for sale complete with furniture and chattels. You will need to make a time to look through it.

Please call the listing salesperson Kevin Benge now on 0210666972 for further details to avoid disappointment.

PLEASE NOTE - Images have been virtually staged for marketing purposes

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Waikato Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

Location

Council Data

Last update : 2024 06 25
Improvement value$465,000Increased by 16% from year 2018
Land value$405,000Increased by 55% from year 2018
CV(Year 2021 Month 09)$870,000Increased by 31% from year 2018
DeckYes
View typeNo appreciable view
ContourLevel
Floor area119m²
Decade of construction2015
Title668271
Type of titleUnit Title
Legal descriptionUNIT 2 AU 2A DP 479528
CouncilHamilton
Estate descriptionSTFH,1/1,PRINCIPAL UNIT 2 AND ACCESSORY UNIT 2A DEPOSITED PLAN 479528
ConstructionExternal Walls: Mixed Materials Roof: Iron
ConditionExternal Walls: Good Roof: Good
ZoningResidential Zone - Residential Intensification Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Hamilton West School
0.48 km
Primary
1-8
Government
Co-Educational
EQI: 445
5
Marian Catholic School (Hamilton)
0.93 km
Primary
1-8
Government
Co-Educational
EQI: 400
7
Hamilton Girls' High School
1.02 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 462
6
Hamilton Boys' High School
1.38 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 429
7

Property history

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For developers

Unitary plan:Residential Zone - Residential Intensification Zone
Land:-
Title:Unit Title
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

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Ref:HAM41001Last update:2024-07-01 12:20:49