If you are looking for a passive investment that has a guaranteed income for 10 years, without the day-to-day hassles of rental properties, then look no further than this beauty! The property is a near new (2010) two bedroom townhouse leased to Housing New Zealand for a 10 year period with a further 5 year right of renewal. Weekly rent is guaranteed and is currently set at $1287.00 monthly incl GST subject to an annual review. HNZ is responsible for managing the property so the owner has no active involvement. HNZ tends to place responsible tenants in properties like this one. Usually they have had to prove themselves elsewhere before being 'rewarded' with new accommodation. Rarely do such investment properties come onto the market. My vendors have decided to head north for family reasons. Viewing by appointment.