Sold
37B Sillary Street,
Hamilton East, Hamilton City
NZD 560,000
Property details
-
Agents
Ray White Hamilton City: Online Realty Limited Licensed (REAA 2008)
18 London Street, Hamilton Central Hamilton City 3204
-
Chattels
- Stove
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Blinds
- Drapes
- Garage Door Opener
INTEREST DEDUCTIBLE- SOCIAL HOUSING!
VIEW BY APPOINMENT
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.
Income from the property is guaranteed, whether occupied or vacant, through a lease with Kainga Ora. The lease with Kainga Ora runs to 5th April 2025. Kainga Ora arrange the tenant and property manages them as well.
The lease payment received from Kainga Ora is $1,914 (net) per month. The lease is reviewed by Kainga Ora in December each year through a CPI formula and the lease payment adjusted accordingly.
There is no Body Corporate Levy as there is no Body Corporate in place for this property. Hamilton City Council rates of $2,075.03 per year and Waikato Regional Council rates of $431.95 per year apply.
A rare opportunity to purchase this 100 sqm two-bedroom free standing brick and tile home situated on its own 300 sqm freehold title. Situated in a quiet and secure location well back from the road in the heart of Hamilton East.
The property was constructed in 2010 of modern low maintenance materials. A colour tile roof, brick and double-glazed aluminium joinery throughout. The property is in excellent condition and has had the one owner since new.
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 to avoid disappointment.
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.
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.
Income from the property is guaranteed, whether occupied or vacant, through a lease with Kainga Ora. The lease with Kainga Ora runs to 5th April 2025. Kainga Ora arrange the tenant and property manages them as well.
The lease payment received from Kainga Ora is $1,914 (net) per month. The lease is reviewed by Kainga Ora in December each year through a CPI formula and the lease payment adjusted accordingly.
There is no Body Corporate Levy as there is no Body Corporate in place for this property. Hamilton City Council rates of $2,075.03 per year and Waikato Regional Council rates of $431.95 per year apply.
A rare opportunity to purchase this 100 sqm two-bedroom free standing brick and tile home situated on its own 300 sqm freehold title. Situated in a quiet and secure location well back from the road in the heart of Hamilton East.
The property was constructed in 2010 of modern low maintenance materials. A colour tile roof, brick and double-glazed aluminium joinery throughout. The property is in excellent condition and has had the one owner since new.
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 to avoid disappointment.
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
- Sacred Heart Girls' College (Ham) Secondary Years 9-15 State integrated 1.3km
- Hamilton West School Full primary Years 1-8 State 1.4km
- St Pius X Catholic School (Melville) Full primary Years 1-8 State integrated 1.4km
- Marian Catholic School (Hamilton) Full primary Years 1-8 State integrated 1.4km
- Knighton Normal School Primary Years 1-6 State 1.6km
- Glenview School (Hamilton) Primary Years 1-6 State 1.6km
- Melville Primary School Primary Years 1-6 State 1.8km
- Hamilton East School Primary Years 1-6 State 1.9km
- Hillcrest Normal School Primary Years 1-6 State 2.1km
- Hamilton Boys' High School Secondary Years 9-15 State 2.1km
- Peachgrove Intermediate Intermediate Years 7-8 State 2.1km
- Mangakōtukutuku College Secondary Years 7-15 State 2.1km
- St John's College (Hillcrest) Secondary Years 9-15 State integrated 2.2km
- Hamilton Girls' High School Secondary Years 9-15 State 2.4km
- Berkley Normal Middle School Composite Years 7-10 State 2.6km
- Deanwell School Primary Years 1-6 State 2.7km
- Hillcrest High School Secondary Years 9-15 State 2.7km
- TKKM o Toku Mapihi Maurea Full primary Years 1-8 State 2.8km
- Silverdale Normal School Primary Years 1-6 State 3.0km
- Southwell School Full primary Years 1-8 Private 3.2km
- Tai Wananga Secondary Years 9-15 State 3.2km
- Te Kura Amorangi o Whakawatea Full primary Years 1-8 State 3.3km
- Te Wharekura o Kirikiriroa Composite Years 1-15 State 3.6km
- Fairfield College Secondary Years 9-15 State 4.9km
- Waikato Diocesan School For Girls Secondary Years 9-15 State integrated 5.1km
- St Paul's Collegiate (Hamilton) Secondary Years 9-15 Private 5.1km
- Fraser High School Secondary Years 9-15 State 5.1km
- St Andrews Middle School Composite Years 7-10 State 6.6km
- Ngā Taiātea Wharekura Secondary Years 9-15 State 7.1km
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.
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Video
Contact Kevin Benge
Contact Kevin Benge
Kevin Benge
37B Sillary Street, Hamilton East 3216
Request a callback
Kevin Benge
37B Sillary Street, Hamilton East 3216