Looking for a long term, positively geared investment with low risk and easy entry?

25 Caulton Street is the answer. This substantial 1960's block of units sits on 688sqm of land, comprising of 4 two bedroom units all facing North and includes a single carport for each unit.

Low risk? Yes the lease with St Johns Holdings Ltd is set for another 14 years and cannot change until 2029. That means while your rents go up over time your land costs stay the same which means more profit every year.

Positive gearing? Well each unit can easily be rented for $390pw which means a gross income of $81,120 per year for the block. With total outgoings currently at $28,229 (Yes that's including Rates) your Net income per annum is $52,891.

To top it off each one of these two bedroom units is on its own title which means you can sell them off individually if you wanted later on. My vendors have asked for a quick sale so get in now and do your due diligence because this property must be sold.

We have an empty unit currently that can be viewed any day so give me a call and book a time.

Call Jay Dellar the Auckland Apartment and Unit Title Specialist. 027 5643773