This is a real cashflow opportunity consisting of 4x studio flats built in block and on a single title. Present rental income is $960 per week. The property is leasehold and the ground rent is $21,450 per annum fixed until20/6/2029. Then it is renewable for a further 21 years at a ground rent approximately 6% of the land value at the renewal date. Think of this as being comparable to a very long term fixed rate mortgage at 6% of the full land value. We believe this represents a safe reliable investment. It is in a popular rental area near the Auckland University Campus. I am very familiar with leasehold property in this area and am a past owner of such property. I would welcome your enquiry on (09) 3091836 or 021338608 or email chas@chaswilson.co.nz