A 4 bedroom townhouse, with Prendos
valuation of $460k on 17/8/12, leased to Housing NZ until 22/5/18
Rent review by Prendos in May each year, currently $630 per week, 5% increase from 2012

Cash flow for 2013 -
Gross Rent, $630 x 52 = $32,760

Less overheads,
Lease costs $ 9,694
Management fees $ 2,616
Rates - Auckland City $ 1,853
Water, metered $ 520
Surplus per annum $18,077

Note : Body Corporate includes ground rent & non metred water,
paid in 2 instalments a year

Details -
Location - Between Onehunga town centre and Royal Oak

Layout - This townhouse offers spacious accommodation over 3 levels & includes to the ground floor, an entrance hall, off which is an internal access to a double garage

The mid level comprises 3 bedrooms, a bathroom with a bath, vanity, basin & a seperate wc

The uppermost level comprises an open living area with lounge, dining room & open plan kitchen.
Also on this level is the main bathroom, which has an ensuite bathroom with a wc, shower and vanity, basin.
Directly off the living area & adjacent to the bathroom is a guest cloakroom with a wc & handbasin.

Facilities - include a well fitted modern open plan kitchen with laminated units, granite bench tops, stainless steel sink & fitted appliances. Bathrooms are all fitted with modern fixtures & fittings.
The bedrooms have built in wardrobes.
Floor finishes include carpet & ceramic tiles.

Other improvements include the internal access double garage with automatic doors.
Laundry with tub is in the garage.

Tenancy - the tenants are very responsible & have been there for sometime.
The landlords Housing NZ, who lease the propert