House for Sale
- About this property
10% Yield - $1,100pw Rent - Investors Dream!Property ID HAM31604A high yielding hands off investment. Only 5 minutes' walk to Hamilton CBD. Property consists of seven bedrooms and two bathrooms. Large communal living area and kitchen. Sizeable 170m townhouse. Rental income of over $1,100 per week. Professionally property managed. Two double bedrooms and five single bedrooms. Two car parks plus on street parking situated in a cul-de-sac. Rear townhouse of five. Total rent being collected is $1,110 per week. Rents being increased by $10 per week for single rooms once tenants have settled in. Rents for couples being charged at $200 per week per room.
Current rents being charged are:
Room 1 - $200 pw
Room 2 - $160 pw
Room 3 - $150 pw
Room 4 - $150 pw
Room 5 - $150 pw
Room 6 - $150 pw
Room 7 - $150 pw
Total rental income = $1,110 per week.
Body Corporate Levy of $1,688.04 per year (includes building insurance and all external repairs and maintenance).
Rates of $1,406.59 per year (HCC) and $420.42 per year (WRC).
Landlord pays for power and internet for tenants, total of $3,990.63 over the last 12 months.
Deadline Sale closes 12.30pm Tuesday 10th July 2018 (unless sold prior), all offers to be delivered to Ray White Hamilton, 91 Victoria Street, Hamilton.
Call the listing salesperson Kevin Benge for further details on 021 066 6972 to request the information pack.
ParkingOff street parking for 2 cars
InteriorHot Water Electric Kitchen Standard Dining Openplan Bathroom Combined Bathrooms Stove Electric Interior Insulation: ceiling / Joinery: single glazed Interior Condition Good Lounge Combined Lounge Dining
ExteriorBase Concrete Fencing Partially Fenced Roof Long Run Exterior Condition Good Aspect Northerly Views City Frontage ROW Levels Level With Road Amenities Gas In Street / Transport / Shops Water Extra Features Town Section Contour Level Sewage City
ChattelsExtractor Fan, Light Fittings, Stove, Tv Aerial