Absolutely irresistible!! near 6.5% NET RETURN!!
Seldom do we come across such a high rental yield as this manager's unit in the 'Federal apartments'. With $50,000pa net rental income. It is an attractive near 6.5% net return. This is the largest apartment in the whole complex. This freehold extra large two bedroom apartment with multiple offices and large courtyard, also comes with a freehold carpark (one of the only 26 carparks in the building). Approx. 72sqm more or less.
Purchasing this manager's unit means that you would own an apartment in the Federal building, which is leased by the Body Corporate to provide residence and offices for the building manager. There will be an ongoing requirement for each building to be managed therefore a continual demand for the manager to need an office and place of residence. Can you expect a better tenant than a building manager? This is the ultimate in secure, hassle free tenancy.
No need to find tenants, no bills to pay!!
* Rental income: $50,000 per year
* Outgoings: $0 per year (All outgoings paid by Body Corporate)
The lease on the unit is for an extended period of time with regular rental reviews.
Onsite amenities include swimming pool, gym and steam room. The unit is located on the ground floor of 'Federal Apartments' at 207 Federal Street - in a quiet cul-de-sac in the heart of Auckland's inner city. Take an easy stroll down to Aotea Square, Sky Tower, Queen Street, and the local Supermarkets. With the Underground Railway Station planned near Aotea Square and the New Sky City Convention Centre currently under construction this location has so much to offer.
Deal like this doesn't come around often, get in quick and call us today for details!!
Asking $798,000 + GST (if any)
Purchasing this manager's unit means that you would own an apartment in the Federal building, which is leased by the Body Corporate to provide residence and offices for the building manager. There will be an ongoing requirement for each building to be managed therefore a continual demand for the manager to need an office and place of residence. Can you expect a better tenant than a building manager? This is the ultimate in secure, hassle free tenancy.
No need to find tenants, no bills to pay!!
* Rental income: $50,000 per year
* Outgoings: $0 per year (All outgoings paid by Body Corporate)
The lease on the unit is for an extended period of time with regular rental reviews.
Onsite amenities include swimming pool, gym and steam room. The unit is located on the ground floor of 'Federal Apartments' at 207 Federal Street - in a quiet cul-de-sac in the heart of Auckland's inner city. Take an easy stroll down to Aotea Square, Sky Tower, Queen Street, and the local Supermarkets. With the Underground Railway Station planned near Aotea Square and the New Sky City Convention Centre currently under construction this location has so much to offer.
Deal like this doesn't come around often, get in quick and call us today for details!!
Asking $798,000 + GST (if any)