Affordable cost effective opportunity for astute investors wanting a safe return with only minimal effort. Two modern 2004 permanent material over 60's units leased to Housing New Zealand with a (net) $13,044 pa return, each. Long term tenants in place and yearly rent reviews. Original 2004 lease runs out in 2014 with a five year option for Housing New Zealand to renew. Two front units for sale, buy one or both and double your return. Selling now, viewing by appointment, call agents for more information.