Investors take note of this yield

5/7 Snead Place, Hillcrest

Asking Price NZD $629,000

Download Email
Investors take note of this yield | 5/7 Snead Place, Hillcrest | 813373 |      X Close

Investors take note of this yield

This is an investment worth exploring. Currently tenanted and returning weekly rent of $915 this property represents a gross rental yield of approx. 7.5%.

The property comprises of four generous studio bedrooms, each individually keyed with their own kitchenette, ensuite and walk in wardrobe which enables maximum rental return by each room being rented individually. There is a smart and tidy communal kitchen and living area, plus laundry which the tenants use via a coin operated system.

Sitting in a prime Hamilton East location, walking distance to the University campus and many shopping amenities this style of living is proving popular. The purchase price includes an extensive list of chattels which enables the new owner to continue to offer this as a fully furnished rental.

The building itself offers all the benefits of modern construction such as double glazing and good insulation, add to this brick and linear board exterior and you have a product which should require very little maintenance in the years to come.

This is the first time any of these units have become available since their conception, showing the value to their owners in holding on to them - so do the maths and secure your opportunity to own this fantastic offering in a great location.

Contact Rachel today, 021 748 001 to acquire full investment details including a comprehensive information pack.