Viewings By Appointment Only!
Motivated vendors are committed to achieving a sale, creating an excellent opportunity to secure a low-maintenance investment with reliable income and long-term security.
Set on a 300m² (more or less) freehold section, this well-presented two-bedroom home offers approximately 100m² of living space and is leased to Kāinga Ora – Homes and Communities on a fixed-term lease through to November 2030. The property has been leased to Kāinga Ora for over 10 years and has been occupied by the same tenant for the past 11 years, providing exceptional stability.
Currently returning $2,448 per month, with annual CPI rent reviews, this is a genuine set-and-forget investment. At the end of the lease, there is potential for an extension by agreement with Kāinga Ora, or, if the lease concludes, Kāinga Ora will complete its end-of-lease reinstatement works, giving the new owner the option to move in or rent the property on the open market.
Property Features:
Two bedrooms
Approximately 100m² floor area
300m² (more or less) freehold section
Kāinga Ora lease until November 2030
Rental income of $2,448 per month with annual CPI reviews
Same tenant for 11 years
Low-maintenance home and easy-care section
Secure long-term investment with future flexibility
With dependable returns and motivated vendors ready to meet the market, this is an opportunity not to be missed.
Contact Team Michelle today to arrange your viewing.
Michelle – 021 826 614
Savanna – 021 040 9642
