High Yielding Investment


11-12 Hillary Court, Naenae

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High Yielding Investment | 11-12 Hillary Court, Naenae | 3253859 |      X Close
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High Yielding Investment


• Substantial three level building.

• 80% seismic rating.

• Fully leased to quality Tenants.

• Residential/Commercial mix.

• Returning $176,000pa net.

The combination of managed transitional housing and community centres represents an absolutely fit for purpose investment. It is located adjacent to rail and bus networks and is mere metres away from the Naenae Pool, an imminent hotbed of Hutt City Council development expenditure on both the pool and an adjoining Countdown supermarket. At 80% of New Building Standard, the property has been refurbished and refitted, with contemporary fitouts throughout. It comprises two retail/service tenancies on the ground floor and 16 rooms (single and double) fully furnished with common ablutions and kitchens over levels 1 and 2. Tenants include Hutt City Council on the ground floor and Oasis Network on the upper floors, Oasis provide short term managed accommodation to approved MSD referred clients, with the accommodation floors purpose built to a contemporary standard. Overall, this is an investment which provides split risk across the asset classes.