FULLY TENANTED - AN INCREDIBLE RENTAL INCOME OF $52,214 PER YEAR !
VIEW BY APPOINTMENT

This investment property is situation in a prime location only a few minutes walk from Waikato University. The drive time to Waikato Hospital and the Hamilton Central Business District is approximately 10 minutes. A rare opportunity for an astute investor to purchase an established and fully operational furnished four-bedroom studio apartment complex complete with a shared living area, kitchen and laundry.

The positives are:
-All studios are fully tenanted
-An incredible rental income of $52,214 as of 31st March 2025
-This studio Apartment is currently rented for $1,050 PW
-The rental appraisal for this four tenancy property is $1,150 PW
-Each studio is furnished -Quality construction throughout
-Built of brick and weatherboard in approximately 2017
-A Healthy Homes Compliant property
-A extensive list of chattels

The financials are:
-Body Corp Levy $2,020.01 PY
-Building Insurance $2,208.20 PY

• HCC Rates $6,212.13 PY
• WRC Rates $573.42 PY

Each studio has its own ensuite plus kitchenette and comes complete with double bed, couch, TV, fridge, microwave, etc. The downstairs features a shared lounge, dining area and fully equipped kitchen. There is a laundry complete with washing machine and dryer. A security camera system is also included. Outside there is a private courtyard for the tenants use.

Please call the listing salesperson Kevin Benge now of 0210666972 for further details on this property.

Land Area Disclaimer:
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Hamilton City 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.