A 4 bedroom townhouse, with Prendos valuation of $460k on 17/8/12, leased to Housing NZ until 22/5/18 Rent review by Prendos in May each year, currently $630 per week, 5% increase from 2012 Cash flow for 2013 - Gross Rent, $630 x 52 = $32,760 Less overheads, Lease costs $ 9,694 Management fees $ 2,616 Rates - Auckland City $ 1,853 Water, metered $ 520 Surplus per annum $18,077 Note : Body Corporate includes ground rent & non metred water, paid in 2 instalments a year Details - Location - Between Onehunga town centre and Royal Oak Layout - This townhouse offers spacious accommodation over 3 levels & includes to the ground floor, an entrance hall, off which is an internal access to a double garage The mid level comprises 3 bedrooms, a bathroom with a bath, vanity, basin & a seperate wc The uppermost level comprises an open living area with lounge, dining room & open plan kitchen. Also on this level is the main bathroom, which has an ensuite bathroom with a wc, shower and vanity, basin. Directly off the living area & adjacent to the bathroom is a guest cloakroom with a wc & handbasin. Facilities - include a well fitted modern open plan kitchen with laminated units, granite bench tops, stainless steel sink & fitted appliances. Bathrooms are all fitted with modern fixtures & fittings. The bedrooms have built in wardrobes. Floor finishes include carpet & ceramic tiles. Other improvements include the internal access double garage with automatic doors. Laundry with tub is in the garage. Tenancy - the tenants are very responsible & have been there for sometime. The landlords Housing NZ, who lease the propert |