198A-F Ngatai Road, Otumoetai, Tauranga & Surrounds

Fantastic Investment Opportunity

This property will be sold (plus GST) if any.\n\nConveniently located in Otumoetai are six two bedroom, one bathroom units recently constructed brick and tile roofed homes with single internal\ngaraging. \nEach unit is leased on a long term lease (ten years) to Housing New Zealand Limited. The current rental income is approximately $8,000 per month.\n\nHOUSE AREAS (more or less)\nUnit A: 102m2 Unit B: 107m2\nUnit C: 102m2 Unit D: 102m2\nUnit E: 107m2 Unit F: 102m2\n\nCapital and Land Valuations:\nUnit A: C.V $282,000 L.V $109,000\nUnit B: C.V $284,000 L.V $104,000\nUnit C: C.V $278,000 L.V $104,000\nUnit D: C.V $278,000 L.V $104,000\nUnit E: C.V $284,000 L.V $104,000\nUnit F: C.V $282,000 L.V $109,000\n\n