This eight bedroom character property is a potential cash cow for investors looking for high returns on their investment. The current gross return is 8.2% on asking price, with six rooms occupied at $1,060 per week and two rooms still to fill. Full occupancy could lift the gross return to over 10%.

Sweeping views of the city and harbour are highlight points of this property, which helps to attract tenants looking for a quieter, more private type of accommodation. The property is near fully furnished and boasts a tidy appearance throughout including upgraded wiring, modern kitchen fit out and two modern style bathrooms. Three further kitchenettes are available for tenants' convenience in preparing light meals, one shared upstairs and two in private rooms.
Eight studio rooms with two full bathrooms
Ideally located for young professionals and students
Amazing views of the city and harbour
Lift in income possible with current six of eight rooms occupied
Potential return in excess of 10% with full occupancy

For further property and building documents, floor layout, landlord outgoings and a full Information Memorandum, please go to www.colliers.co.nz/59520 and download from our "Secure Document" button to the right and to view a 3D Virtual Tour of the property click on "View Video". Viewings are by appointment only with the Broker.

Other investment options are at www.colliers.co.nz/student-investment