The Q City complex sits in a prime location on City Road, just off Queen Street near the top, and is a popular choice for leasehold investors looking for a strong return on investment.

The apartment is 2 bedrooms, one bathroom and laid over 2 levels is approximately 60 square metres with double doors that let in the fresh air and natural light. The bedrooms and bathroom are on the top level, they are a reasonable size and the living is on the bottom floor with kitchen and dining.

The apartment is leased to Housing NZ until April 2019, so this is a hands off investment with guaranteed monthly income. After 2019 you have the option of withdrawing from the lease and renting privately, or leaving it rented to Housing NZ.

Currently returning the owner an annual profit of just under $10,000 per year as income he is receiving = $22,248 and the annual expenses as follows:

Ground rent $7,712.00
OPEX $3,708
Rates $1,416.00

Viewings by appointment only