Sick of looking at possible high yield properties in Rotorua that have tenants in place that possibly might not lake the care of your investment the way that you would…. Or just might not be there one morning when the property manager arrives to collect your rent….

This is probably for you….

Gross returns (approx.) 8.4%

Genuine NET RETURN 6.2% 

This net return is for 52 weeks of the year…

The onsite manager’s unit at the Stillwater Complex Kawaha Point Road Rotorua. This secure complex has over 60 units all constructed of modern permanent materials laid out beautifully including a great swimming pool for the summer.

The unit is rented by the body corporate for the complex managers to live in.

The body corporate pays the Rotorua Council rates and also the annual body corporate fee, and manages the property so the annual rent of $20,800 ($400 per week) is a net amount to the owner.

Its leased for 10 years (new contract in place from July 2016) and there is a further right of renewal for a further 10 years after that.

There are provisions for regular rent increases laid out in the agreement, and the next one is due soon.

There is no GST component the vendor is not GST registered.

So your 20-year retirement plan is right here, well managed with responsible occupants and an almost hands free investment.

The house comprises down stairs a modern kitchen living area with ranch slider doors opening out to a private back garden area.

There are 3 double bedrooms 1 bathroom and toilet.

This property is located in one of the most sought – after suburbs of Rotorua within easy access of the lake with its renown fishing and water sports.

Price $335,000 (gives a net return of 6.2%) plus our fee of $11,000 plus GST. 

These sort of properties are very rare and