Sold
3/2 Palmerston Street,
Hamilton Central, Hamilton City
NZD 760,000
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
- Cooktop Oven
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Blinds
- Drapes
8% GROSS YIELD - INCOME OF $1,135 PW!
EXCELLENT CENTRAL CITY LOCATION - OUTSTANDING RENTAL INCOME OF $1,135PW!
This investment property is situated in a prime location only a few minutes walk from both the Waikato Hospital and the Hamilton Central Business District.
A rare opportunity for an astute investor to purchase an established and fully operational furnished four-bedroom studio apartment complex complete with a shared living area, kitchen, and laundry.
The positives are:
• All studios are fully tenanted
• Rent of $1,135 PW from 16/9/24
• Each studio & the living area is furnished
• Quality construction throughout
• Built of brick and weatherboard in 2015
• A Healthy Homes-compliant property
• An extensive list of chattels
• Body Corp Levy - $2,029.83 PA
• Building Insurance - $2,036.04 PA
Each studio has its own ensuite plus kitchenette and comes complete with double bed, couch, TV, bar fridge, microwave, etc. The downstairs features a shared lounge, dining area and well equipped kitchen. Outside there is a private courtyard for the tenants use. The owner pays for the internet service and for the power for the property.
Rent increases have been communicated in writing to the tenants with the required 60 days notice period and the rent will be increasing from the current amount of $1,055 PW to a rent of $1,135 PW from the 16/9/2024.
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 on 0210666972 for further details to avoid disappointment.
PLEASE NOTE: Images have been virtually staged for marketing purposes
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Waikato 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.
This investment property is situated in a prime location only a few minutes walk from both the Waikato Hospital and the Hamilton Central Business District.
A rare opportunity for an astute investor to purchase an established and fully operational furnished four-bedroom studio apartment complex complete with a shared living area, kitchen, and laundry.
The positives are:
• All studios are fully tenanted
• Rent of $1,135 PW from 16/9/24
• Each studio & the living area is furnished
• Quality construction throughout
• Built of brick and weatherboard in 2015
• A Healthy Homes-compliant property
• An extensive list of chattels
• Body Corp Levy - $2,029.83 PA
• Building Insurance - $2,036.04 PA
Each studio has its own ensuite plus kitchenette and comes complete with double bed, couch, TV, bar fridge, microwave, etc. The downstairs features a shared lounge, dining area and well equipped kitchen. Outside there is a private courtyard for the tenants use. The owner pays for the internet service and for the power for the property.
Rent increases have been communicated in writing to the tenants with the required 60 days notice period and the rent will be increasing from the current amount of $1,055 PW to a rent of $1,135 PW from the 16/9/2024.
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 on 0210666972 for further details to avoid disappointment.
PLEASE NOTE: Images have been virtually staged for marketing purposes
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Waikato 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.
Explore the area
School catchments
- Hamilton West School Full primary Years 1-8 State 0.48km
- Sacred Heart Girls' College (Ham) Secondary Years 9-15 State integrated 0.91km
- Marian Catholic School (Hamilton) Full primary Years 1-8 State integrated 0.93km
- Hamilton East School Primary Years 1-6 State 0.95km
- Hamilton Girls' High School Secondary Years 9-15 State 1.0km
- Hamilton Boys' High School Secondary Years 9-15 State 1.4km
- Peachgrove Intermediate Intermediate Years 7-8 State 1.6km
- St Pius X Catholic School (Melville) Full primary Years 1-8 State integrated 2.0km
- Melville Primary School Primary Years 1-6 State 2.1km
- Knighton Normal School Primary Years 1-6 State 2.1km
- Whitiora School Full primary Years 1-8 State 2.2km
- Glenview School (Hamilton) Primary Years 1-6 State 2.4km
- Mangakōtukutuku College Secondary Years 7-15 State 2.4km
- Southwell School Full primary Years 1-8 Private 2.5km
- Te Wharekura o Kirikiriroa Composite Years 1-15 State 2.8km
- St John's College (Hillcrest) Secondary Years 9-15 State integrated 2.8km
- Tai Wananga Secondary Years 9-15 State 2.8km
- Deanwell School Primary Years 1-6 State 2.9km
- Maeroa Intermediate Intermediate Years 7-8 State 2.9km
- Rhode Street School Full primary Years 1-8 State 3.0km
- Woodstock School Primary Years 1-6 State 3.1km
- Hillcrest High School Secondary Years 9-15 State 3.6km
- Fairfield College Secondary Years 9-15 State 3.7km
- Berkley Normal Middle School Composite Years 7-10 State 3.7km
- Waikato Diocesan School For Girls Secondary Years 9-15 State integrated 3.8km
- Fraser High School Secondary Years 9-15 State 3.8km
- St Paul's Collegiate (Hamilton) Secondary Years 9-15 Private 4.0km
- St Andrews Middle School Composite Years 7-10 State 5.3km
- Ngā Taiātea Wharekura Secondary Years 9-15 State 5.7km
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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Kevin Benge
3/2 Palmerston Street, Hamilton Central 3204
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Kevin Benge
3/2 Palmerston Street, Hamilton Central 3204