Q City at 15 City Road is a popular choice for investors looking for high yield, as many are seeing returns of around 8%.

Our vendor is cashing up and moving on and wishes to sell both of his apartments in one go.

These particular apartment are rented to Housing NZ until February 2020, so a great hands off investment with guaranteed returns, and without the hassle of having to deal with tenants - you have a very reputable tenant and there are provisions within the lease for the income payable by HNZ, to be increased over the term which expires in 2020. At this point you may wish to leave the unit with HNZ, or withdraw it from their management for your own personal use, or forecast the rental appraisal if rented privately in 2020!

The apartments are simple and practical, fully furnished with one bedroom, one bathroom, kitchen and small balcony and nice Northerly views.

4F and 5F / 15 City Road
Annual income: (for both)
$35,786.40

Annual expenses: (for both)

Ground rent: $11,036.28
OPEX: $7,803.88
Rates: $2,112.24
Total NET profit (for both): $14,834.00