For sale
6/47 Cameron Road,
Hamilton East, Hamilton City
By Negotiation
Property details
-
Agents
Ray White Hamilton City: Online Realty Limited Licensed (REAA 2008)
18 London Street, Hamilton Central Hamilton City 3204
-
Chattels
- Cooktop Oven
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Drapes
7% GROSS YIELD - INCOME GROWTH OPPORTUNITY!
This investment property is situated in a prime location only a few minutes' walk from Waikato University. The drive time to Waikato Hospital and the Hamilton Central
Business District is approximately 10 minutes.
The chance 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.
A rare opportunity to grow the income from a large studio apartment. Once rents were adjusted, this would lift the gross yield to 8 %. (A rental appraisal of $1,240 per
week for the property)
The positives are:
• All studios are fully tenanted
• Presently being rented for $1,070 PW
• An incredible rental appraisal of $1,240 PW
• Each studio is fully furnished
• Quality construction throughout
• Built of brick and weatherboard in 2017
• A Healthy Homes Compliant property
• An extensive list of chattels
The financials are:
• Body Corp Levy - $7,947.11 PA (Payment to Long Term Maintenance Fund of $5,880)
• Building Insurance - $2,250.43 PA
• HCC Rates - $6,747.30 PA
• WRC Rates - $600.24 PA
Each studio has its own ensuite plus kitchenette and comes complete with a double bed, couch/chair, TV, fridge freezer, microwave, etc. The downstairs features a shared lounge, dining area and fully equipped kitchen. There is a laundry complete with a washing machine and dryer. A security camera system is also included. Outside there is a private courtyard for the tenant's use.
Please call the listing salesperson, Kevin Benge now at 0210666972 for further details on this property.
PLEASE NOTE: 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
Business District is approximately 10 minutes.
The chance 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.
A rare opportunity to grow the income from a large studio apartment. Once rents were adjusted, this would lift the gross yield to 8 %. (A rental appraisal of $1,240 per
week for the property)
The positives are:
• All studios are fully tenanted
• Presently being rented for $1,070 PW
• An incredible rental appraisal of $1,240 PW
• Each studio is fully furnished
• Quality construction throughout
• Built of brick and weatherboard in 2017
• A Healthy Homes Compliant property
• An extensive list of chattels
The financials are:
• Body Corp Levy - $7,947.11 PA (Payment to Long Term Maintenance Fund of $5,880)
• Building Insurance - $2,250.43 PA
• HCC Rates - $6,747.30 PA
• WRC Rates - $600.24 PA
Each studio has its own ensuite plus kitchenette and comes complete with a double bed, couch/chair, TV, fridge freezer, microwave, etc. The downstairs features a shared lounge, dining area and fully equipped kitchen. There is a laundry complete with a washing machine and dryer. A security camera system is also included. Outside there is a private courtyard for the tenant's use.
Please call the listing salesperson, Kevin Benge now at 0210666972 for further details on this property.
PLEASE NOTE: 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
Inspections
Explore the area
School catchments
- Knighton Normal School Primary Years 1-6 State 0.64km
- St John's College (Hillcrest) Secondary Years 9-15 State integrated 0.91km
- Peachgrove Intermediate Intermediate Years 7-8 State 0.91km
- Hamilton Boys' High School Secondary Years 9-15 State 1.2km
- Marian Catholic School (Hamilton) Full primary Years 1-8 State integrated 1.2km
- Sacred Heart Girls' College (Ham) Secondary Years 9-15 State integrated 1.3km
- Tai Wananga Secondary Years 9-15 State 1.4km
- TKKM o Toku Mapihi Maurea Full primary Years 1-8 State 1.4km
- Hamilton East School Primary Years 1-6 State 1.6km
- Hillcrest High School Secondary Years 9-15 State 1.7km
- Southwell School Full primary Years 1-8 Private 1.7km
- Hillcrest Normal School Primary Years 1-6 State 1.9km
- Silverdale Normal School Primary Years 1-6 State 1.9km
- Te Wharekura o Kirikiriroa Composite Years 1-15 State 2.1km
- Berkley Normal Middle School Composite Years 7-10 State 2.4km
- Hamilton West School Full primary Years 1-8 State 2.6km
- Hamilton Girls' High School Secondary Years 9-15 State 2.7km
- Insoll Avenue School Primary Years 1-6 State 3.0km
- Fairfield Primary School Primary Years 1-6 State 3.4km
- Fairfield Intermediate Intermediate Years 7-8 State 3.4km
- St Pius X Catholic School (Melville) Full primary Years 1-8 State integrated 3.4km
- St Paul's Collegiate (Hamilton) Secondary Years 9-15 Private 3.9km
- Fairfield College Secondary Years 9-15 State 3.9km
- Mangakōtukutuku College Secondary Years 7-15 State 4.0km
- Waikato Diocesan School For Girls Secondary Years 9-15 State integrated 4.4km
- Fraser High School Secondary Years 9-15 State 5.6km
- St Andrews Middle School Composite Years 7-10 State 6.0km
- 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.
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Contact Kevin Benge
Contact Kevin Benge
Kevin Benge
6/47 Cameron Road, Hamilton East 3216
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Kevin Benge
6/47 Cameron Road, Hamilton East 3216