Do your sums with respect to yield from this investment!
With ground rent at only $14,950 per year and a 21 year perpetually renewable lease not due to expire until 2027, this is an opportunity not to be missed.

The current rents are around $380 per unit, over $79k p.a. equating to a yield of over 12% after the lease payment.
Vendor returning to Australia - Immediate opportunity to buy a tidy investment block of four units on one leasehold title in the popular St Johns area.
Because leases are based on the LAND value this is an ideal investment to own as it has FOUR income streams, i.e. 4 x properties on a 607sqm block of land.
Each unit has two double bedrooms, one bathroom/laundry and a single carport. The two upstairs units also feature views towards the Tamaki estuary. All in a convenient location close to public bus and rail transport, shopping centre, Lunn Ave and Sylvia Park shopping complexes, and only an approx 15 minute drive to the CBD.
New Home Buyers may see an opportunity to get started by using three rentals to offset living in the fourth.
Call us for an information pack.