Cheaper than a House


109 - 111 Fergusson Street, Feilding

Auction

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Cheaper than a House | 109 - 111 Fergusson Street, Feilding | 3051849 |      X Close
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Description

Cheaper than a House


•Prime location and beautifully presented

•Two new leases with built in growth

•Refurbished to a high standard and well maintained

•Returning a net holding income of $26,468.41 + GST

•Great entry level price range - a generous yield is expected

In the heart of New Zealand's "most beautiful town," this property provides a fully tenanted low maintenance investment.

Both tenants are well established in the local community and have new three-year lease terms as at July, 2021.

This commitment has been met with investment from the Landlord, resulting in a tailored fit-out throughout.

This property offers itself as both a bottom-drawer investment with built in rental growth. The Vendors are totally committed to a result on Auction day, so be in if you are looking for a little honey with a nice return.

An affordable investment with a high yield.

Property Details

Land area: 185 square metres (more or less)

Floor area: 170 square Metres (more or less)

Zoning: Commercial Zone A

Tenancy Details

Name of Tenant: Forbidden Tattoos

Commencement date: 5 July, 2021

Lease Term: Three (3) years

Net Rental: $15,860 + GST

Name of Tenant: Fusion Hair Design (2011) Limited

Commencement date: 5 July, 2021

Lease Term: Three (3) years

Net Rental: $17,940 + GST

109 - 111 Fergusson Street, Feilding

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