This is a fantastic opportunity for the entrepreneur. The property is a 10 room boarding house in excellent condition. With an approximate 90% occupancy rate, it generates an annual income of $81,900, equating to an impressive gross yield of 12.2%. Annual outgoings are around $16,250, leaving a massive net income of approximately $65,000pa, which equates to an annual return on investment of 9.8%. Your financial advisor will be most impressed! The property provides good accommodation for its tenants, with all the necessary communal facilities, and is nestled on 1528m2 of park-like grounds. It is located in a quiet residential setting within Papakura. This is a hassle-free investment, easily run with no necessity to spend a lot of time on site. Tenancy demand is consistently high and long-term tenancies are the norm. The registered valuation, dated June 2012, is $690,000, and the tenure is freehold. The property is genuinely for sale and is bound to attract interest, so contact Greig Kirby, 0274 916 901, promptly for full information and an appointment to view.