11 year old 2 storey, fully furnished 6 bedroom unit. Fully tenanted. Rented by the room by property manager. Yielding $660 avg a week gross. Hands off fully managed investment.

One of 27 units, popular with immigrant workers, walking distance to CBD and local amenities. Excellent bus service. High growth area.

Recently spent $5k on upstairs bathroom upgrade inc new shower linings, vanity, extractor fan and heated towel rail. Also recently purchased large screen TV for digital changeover.

Only Earthquake damage was some electrical lighting wiring which was repaired ages ago. No EQC work required on this unit or pending.

Going business proposition.
Please note it is hard to define the land squ metre as it's a big complex of 29 units and we own a share of common areas inc driveways (there are approx five blocks of flats in the complex, modern Coronation-St style). This is an affordable and well set up complex for new immigrants and labourers with an established clientele. At $80-$120 per room, it will continue to be more affordable than new rebuild worker accommodation which have forecast rents of $200 room.