52 weeks guaranteed rent with annual CPI adjustment
Minor maintenance paid to $5,000pa
3 bedroom home on a freehold title
Leased until November 2014 with 5 year right of renewal currently being activated - ending Nov 2019
Annual rent currently $14,885

Looking to avoid rental horror stories? These homes, with a Housing New Zealand leases securely in place paying you rent 52 weeks guaranteed, will certainly help. With a right of renewal in November 2014 being activated for another term of 5 years, final expiry will soon be November 2019. The current income of $14,885 per annum (before 10% lease margin/management deduction) gives a touch over an 8% gross return and with the added value of the minor maintenance up to $5000 paid by HNZ this investment certainly stacks up.

Five more homes available from $185,000 - $195,000 with rental from $14,855 - $15,155.

To find out more including lease information call or email me today.

Agency reference #: WHC22614