Unit for Sale
- About this property
Leasehold Like No OtherProperty ID MSB21212The investment yield on this property is outstanding and it has been a great earner for the vendor who has owned it for the last 23 years. But with grandchildren on the way and new plans in place, 3 Abraham must now be SOLD.
A rare find, this special block of FOUR leasehold units in popular St Johns is an affordable investment option generating fantastic returns.
Built from brick and high-density fiberboard, the vendors have taken a long-term view of their investment and it has been well looked after over their 23 years of ownership. Each of the four units offers two generous bedrooms with separate kitchen and living. Each unit also boasts off-street parking with carport. The current rental appraisal is between $360-$400 per week per unit.
The lease is 21 years perpetual and you can rest easy knowing that the next review is not until June 2029. The current ground rent for all four units is just $27,950 per annum in total.
Located less than 10km from Auckland's CBD, St John's attracts quality long-term tenants. Residents love the choice of public transport options with bus or train, both just a short walk away. The relaxed residential setting offers a great range of local amenities and neighbouring Meadowbank and Eastern Bay suburbs offer further activities with a host of restaurants, cafes, parks and beaches. And if school zones are the prerequisite, 3 Abraham sits within close proximity to the Tamaki University Campus and is zoned for sought after Stonefields Primary and Selwyn College.
This property is essential viewing for investors and those looking to get onto the property ladder. Call today for more information.
TENDERS close 12pm Monday 12th December 2016
To download the property files please follow the link: http://www.propertyfiles.co.nz/property/MSB21212
InteriorHot Water Electric Kitchen Standard Dining Openplan Bathroom Combined Bathrooms Stove Electric Interior Ceilings: Painted / Joinery: Wood Interior Condition Very Good Floors Single Storey Lounge Combined Lounge Dining
ExteriorBase Brick Fencing Partially Fenced Exterior Brick Exterior Condition Fair Aspect Northerly Frontage Street Levels Level With Road Amenities Transport Water Extra Features Town Section Contour Level Sewage City
ChattelsCurtains, F/Floor Cover, Light Fittings, Stove, 4x Stove, 4x Clothes Line
OtherClose to Transport