Sold
9/201 Massey Street,
Frankton, Hamilton City
NZD 450,000
Property details
-
Agents
Ray White Hamilton City: Online Realty Limited Licensed (REAA 2008)
18 London Street, Hamilton Central Hamilton City 3204
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Chattels
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Drapes
EASY INVESTMENT !
This large 96 sqm Unit is the ideal investment for an astute buyer. A guaranteed rental income whether the property is vacant or tenanted.
The lease payment received from Kainga Ora is $1,738 per month (net). The rent is reviewed annually as per the Lease Agreement with Kainga Ora and adjusted accordingly. The next CPI adjustment to the lease payment will be in May 2024. The lease with Kainga Ora runs until 4 May 2025. Kainga Ora both select the tenant as well as property managing them. The Body Corporate covers external repairs and maintenance. The Body Corporate General Levy is $778.80 per year and the Building Insurance Levy is $930.73 per year.
A great opportunity for a astute investor looking for a low maintenance hands-off investment, that has a guaranteed rental income and is in a prime location. No concerns with tenancy in the future with this property. Close proximity to the Hamilton Central Business District. Also only a five minute drive to Waikato Hospital, who is the largest employer in the Waikato, ensures on going access to good quality tenants.
This property will be sold so you will need to make a time to look through it. Please call the listing salesperson Kevin Benge now of 0210666972 to avoid disappointment.
PLEASE NOTE: Photographs are virtually staged for marketing purposes.
Specified floor and land area sizes have been obtained from sources such as Property Guru, Hamilton City Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.
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 lease payment received from Kainga Ora is $1,738 per month (net). The rent is reviewed annually as per the Lease Agreement with Kainga Ora and adjusted accordingly. The next CPI adjustment to the lease payment will be in May 2024. The lease with Kainga Ora runs until 4 May 2025. Kainga Ora both select the tenant as well as property managing them. The Body Corporate covers external repairs and maintenance. The Body Corporate General Levy is $778.80 per year and the Building Insurance Levy is $930.73 per year.
A great opportunity for a astute investor looking for a low maintenance hands-off investment, that has a guaranteed rental income and is in a prime location. No concerns with tenancy in the future with this property. Close proximity to the Hamilton Central Business District. Also only a five minute drive to Waikato Hospital, who is the largest employer in the Waikato, ensures on going access to good quality tenants.
This property will be sold so you will need to make a time to look through it. Please call the listing salesperson Kevin Benge now of 0210666972 to avoid disappointment.
PLEASE NOTE: Photographs are virtually staged for marketing purposes.
Specified floor and land area sizes have been obtained from sources such as Property Guru, Hamilton City Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.
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).
Explore the area
School catchments
- Frankton School Primary Years 1-6 State 0.10km
- Rhode Street School Full primary Years 1-8 State 0.62km
- St Columba's Catholic School (Frankton) Full primary Years 1-8 State integrated 0.75km
- Aberdeen School Primary Years 1-6 State 0.83km
- Fraser High School Secondary Years 9-15 State 1.2km
- Nawton School Primary Years 1-6 State 1.7km
- Maeroa Intermediate Intermediate Years 7-8 State 1.9km
- Whitiora School Full primary Years 1-8 State 2.3km
- Hamilton Girls' High School Secondary Years 9-15 State 2.4km
- Forest Lake School Primary Years 1-6 State 2.6km
- Crawshaw School Full primary Years 1-8 State 2.7km
- Hamilton West School Full primary Years 1-8 State 2.9km
- St Peter Chanel Catholic School (Te Rapa) Full primary Years 1-8 State integrated 3.3km
- Ngā Taiātea Wharekura Secondary Years 9-15 State 3.3km
- Vardon School Primary Years 1-6 State 3.4km
- Woodstock School Primary Years 1-6 State 3.4km
- Southcity Christian School Full primary Years 1-8 State integrated 3.5km
- Hamilton East School Primary Years 1-6 State 3.6km
- Waikato Diocesan School For Girls Secondary Years 9-15 State integrated 3.6km
- Mangakōtukutuku College Secondary Years 7-15 State 3.8km
- Sacred Heart Girls' College (Ham) Secondary Years 9-15 State integrated 3.9km
- Hamilton Boys' High School Secondary Years 9-15 State 4.0km
- Fairfield College Secondary Years 9-15 State 4.1km
- St Andrews Middle School Composite Years 7-10 State 4.3km
- Te Kōpuku High Secondary Years 7-15 State 4.4km
- Te Wharekura o Kirikiriroa Composite Years 1-15 State 4.7km
- St Paul's Collegiate (Hamilton) Secondary Years 9-15 Private 4.7km
- Tai Wananga Secondary Years 9-15 State 5.2km
- St John's College (Hillcrest) Secondary Years 9-15 State integrated 5.9km
- Hillcrest High School Secondary Years 9-15 State 6.6km
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
Contact Kevin Benge
Kevin Benge
9/201 Massey Street, Frankton 3204
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Kevin Benge
9/201 Massey Street, Frankton 3204