1,2,3/246 Vanguard Street, Toi Toi, Nelson

Hands free investment opportunity

This is fantastic real estate and a fantastic 'hands free' addition to any property portfolio. A genuine opportunity for any investor or syndicate looking for the many benefits of potential residential capital gains underpinned by the security of a long term, renewable lease to a government tenant.
- $84,364.80 gross Income per annum
- CPI Adjustment of up to 3% rent increase per annum
- Government HNZC 5 +5 years lease
- Potential for future subdivision
- No hands on management
- Sort after location with solid growth potential
This opportunity combines the potential of residential gains underpinned by the security of commercial investing. With the Government as your tenant, dealing with all management and everything from wear and tear through to repairs and maintenance up to $5,000 on any one issue, this is a true Set and Forget, hands free investment.
Built in 2005 these 3 dwellings on occupy a large 1280sqm fee simple title.
Dwelling one: 4 Bedroom single story with internal garage
Dwelling two: 3 Bedroom single story with internal garage
Dwelling three: 5 Bedroom single story. This unit has additional features as it specifically designed for disabled use. These include a 1200mm wide hallway and 910mm wide doors. All exterior doors are recessed into the concrete slab floor for level access. All five bedrooms have solid core doors and smoke seals. Level access wet shower floors and disabled access toilets.
All have full sprinkler / Smoke detector and alarm systems and the tenants (HNZC) are responsible for the annual building warrant of fitness for the fire protection system.
Buy now and enjoy the easy and secure income for years to come and then look toward a potential subdivision and resale of individual homes.

Invest and secure your financial future knowing you are directly supporting good New Zealanders with the highest need for housing under a HNZC lease. A true win win.