Sold
2D Burrows Place,
Frankton, Hamilton City
NZD 471,000
Property details
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Agents
Ray White Hamilton City: Online Realty Limited Licensed (REAA 2008)
18 London Street, Hamilton Central Hamilton City 3204
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Chattels
- Stove
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Curtains
- Drapes
- TV Aerial
CLOSE TO HOSPITAL & CBD - SOCIAL HOUSING!
VIEW BY APPOINTMENT
This apartment is the ideal investment for an astute buyer. A guaranteed rental income from Kainga Ora, whether the property is vacant or tenanted.
According to the IRD, as the property's sole purpose is for social housing and it is leased to a government department Kainga Ora, then the owner can still claim interest deductions (Purchasers should confirm this with their accountant or solicitor before proceeding further with this property).
The property is leased to Kainga Ora on a fixed term tenancy until 6th November 2023 for $1,564 rent per month (net). The Body Corporate Levy is $594.52 per year which covers external repairs and maintenance. The Levy for Building Insurance is $986.35 per year. The Hamilton City Council rates are $2,131.32 per year and the Waikato Regional Council rates are $414.92 per year.
Located on Burrows Place, directly off Paterson Street, this provides easy access to the transport routes. The property is in close proximity to the Central Business District. The apartment is also within easy reach of Waikato Hospital, Hamilton Lake and the Hamilton Gardens. Only a few minutes' walk to the Dinsdale Shopping Centre and the Countdown Supermarket.
Please call the listing salesperson Kevin Benge now of 0210666972 for further details on this property.
*Please note, some images advertised have been virtually staged.*
This apartment is the ideal investment for an astute buyer. A guaranteed rental income from Kainga Ora, whether the property is vacant or tenanted.
According to the IRD, as the property's sole purpose is for social housing and it is leased to a government department Kainga Ora, then the owner can still claim interest deductions (Purchasers should confirm this with their accountant or solicitor before proceeding further with this property).
The property is leased to Kainga Ora on a fixed term tenancy until 6th November 2023 for $1,564 rent per month (net). The Body Corporate Levy is $594.52 per year which covers external repairs and maintenance. The Levy for Building Insurance is $986.35 per year. The Hamilton City Council rates are $2,131.32 per year and the Waikato Regional Council rates are $414.92 per year.
Located on Burrows Place, directly off Paterson Street, this provides easy access to the transport routes. The property is in close proximity to the Central Business District. The apartment is also within easy reach of Waikato Hospital, Hamilton Lake and the Hamilton Gardens. Only a few minutes' walk to the Dinsdale Shopping Centre and the Countdown Supermarket.
Please call the listing salesperson Kevin Benge now of 0210666972 for further details on this property.
*Please note, some images advertised have been virtually staged.*
Explore the area
School catchments
- Rhode Street School Full primary Years 1-8 State 0.30km
- Frankton School Primary Years 1-6 State 0.39km
- Aberdeen School Primary Years 1-6 State 1.1km
- St Columba's Catholic School (Frankton) Full primary Years 1-8 State integrated 1.1km
- Fraser High School Secondary Years 9-15 State 1.5km
- Nawton School Primary Years 1-6 State 2.0km
- Maeroa Intermediate Intermediate Years 7-8 State 2.3km
- Hamilton Girls' High School Secondary Years 9-15 State 2.5km
- Whitiora School Full primary Years 1-8 State 2.6km
- Hamilton West School Full primary Years 1-8 State 2.9km
- Crawshaw School Full primary Years 1-8 State 3.0km
- Forest Lake School Primary Years 1-6 State 3.0km
- Southcity Christian School Full primary Years 1-8 State integrated 3.2km
- Deanwell School Primary Years 1-6 State 3.4km
- Melville Primary School Primary Years 1-6 State 3.5km
- Mangakōtukutuku College Secondary Years 7-15 State 3.6km
- Te Kura Amorangi o Whakawatea Full primary Years 1-8 State 3.6km
- Ngā Taiātea Wharekura Secondary Years 9-15 State 3.6km
- St Peter Chanel Catholic School (Te Rapa) Full primary Years 1-8 State integrated 3.6km
- Waikato Diocesan School For Girls Secondary Years 9-15 State integrated 3.9km
- Sacred Heart Girls' College (Ham) Secondary Years 9-15 State integrated 4.0km
- Hamilton Boys' High School Secondary Years 9-15 State 4.1km
- Fairfield College Secondary Years 9-15 State 4.5km
- St Andrews Middle School Composite Years 7-10 State 4.7km
- Te Kōpuku High Secondary Years 7-15 State 4.8km
- Te Wharekura o Kirikiriroa Composite Years 1-15 State 4.9km
- St Paul's Collegiate (Hamilton) Secondary Years 9-15 Private 5.0km
- Tai Wananga Secondary Years 9-15 State 5.4km
- St John's College (Hillcrest) Secondary Years 9-15 State integrated 6.0km
- Hillcrest High School Secondary Years 9-15 State 6.7km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Kevin Benge
Kevin Benge
2D Burrows Place, Frankton 3204
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Kevin Benge
2D Burrows Place, Frankton 3204