Viewings By Appointment Only!

Motivated vendors are committed to achieving a sale, presenting an outstanding opportunity to secure a low-maintenance investment with reliable returns and long-term security.

This well-presented 2-bedroom home spans approximately 100m² and sits on a 300m² freehold section. It is currently leased to Kāinga Ora – Homes and Communities under a fixed-term lease through to November 2030, providing consistent rental income with annual CPI rent reviews.

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, reflecting both the stability of the tenancy and the care taken in maintaining the home.

At the conclusion of the current lease in November 2030, there is potential for the lease to be extended, subject to agreement with Kāinga Ora. Alternatively, should the lease conclude, Kāinga Ora will complete its required end-of-lease reinstatement works, providing the new owner with the flexibility to either move in or rent the property on the open market.

Currently returning $2,448 per month, with annual CPI adjustments, this is a genuine set-and-forget investment, ideal for both experienced investors and those looking to add a secure, income-producing asset to their portfolio.

Property Features:

* 2 spacious bedrooms

* Approximately 100m² floor area

* 300m² freehold section

* Long-term Kāinga Ora lease until November 2030

* Current rental income of $2,448 per month, with annual CPI reviews

* Same tenant for 11 years

* Low-maintenance home and easy-care section

* Strong, reliable rental income with long-term security

* Flexibility to occupy or re-tenant following lease completion (subject to the lease ending)

With motivated vendors and a secure, long-term lease already in place, this is an exceptional opportunity for investors seeking dependable returns and future flexibility.

To arrange your viewing, contact Team Michelle today.

Michelle – 021 826 614

Savanna – 021 040 9642