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St Johns, 60 Strong Street

Investors Delight!

Price by Negotiation over $275,000

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Listing Number: SH7334
About this listing
Overseas investors or property investors - grab this investor's delight with high yield!

Our vendor of these two houses is cashing up and this has been their investor's delight for the past 10 years.
With two houses, set up as three flats, this could be your start-up home with an income, or an addition to your property portfolio.

The total income for all three as rentals is currently at $1,280 per week - $66,560 per year. The ground rental is $30,225 per year with no review until 2031. It comes to humongous 13.5% p.a yield.

It is a brilliant option for the first home buyers as well, to live in the one of the houses and rent out the other two, to generate up to $16,000 net, to better support your mortgage.

These houses sit on a spacious, homely section in one of Auckland's prime locations and have been rented perpetually for decades. One of the houses has been recently re-roofed.

Call me now to view the properties and seize this lucrative opportunity as taking into account possible rent increases, you will be definitely be sitting on real bonanza!
Open Homes
Saturday 3 Feb 1:00 p.m. - 1:30 p.m.
Property Information
  • Land Size: 1201 sqm
  • Tenure: Leasehold Details (Leasehold)
  • Approx year built: 1965
  • Property Type: House

Contact Details

St Heliers

JK Realty Group Ltd

Licensed REAA 2008

16 - 20 St Heliers Bay Road
St Heliers
Auckland
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