BRICK & TILE RENTAL - ST ANDREWS!
A rare opportunity has come up to purchase a 101 sqm two-bedroom free standing brick and tile house on its own 304 sqm freehold title. Situated in a quiet and secure location well back from the road in the heart of Saint Andrews.
The property is constructed of modern low maintenance materials. Tile roof, brick and double-glazed aluminium joinery throughout. The property is in excellent condition and has had the one owner since new.
Income from the property is guaranteed, whether occupied or vacant, through a lease with Kainga Ora. The lease with Kainga Ora runs to 26th November 2024. 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 Corp Levy as there is no Body Corporate in place for this property. The building insurance is $1,075.25 per year. Hamilton City Council rates of $2,508.73 per year and Waikato Regional Council rates of $433.71 per year apply.
This property is situated in an excellent location in Saint Andrews and is only a short distance to shops and a Supermarket.
Please call the listing salesperson Kevin Benge now on 0210666972 for further details.