24 Capital Place Papatoetoe, Manukau City

HNZ Leased - Guaranteed Gross Income $33,020 P.A!

A sound investment indeed for the astute property investor - all market data tells us it's perfect timing to start or add to your investment portfolio!

This solid, low maintenance 140sqm weatherboard family home is proudly presented on a 402sqm section. A freehold title leased and managed by Housing New Zealand until March 2026. Featuring super sized open plan family living, dining and kitchen area, with great indoor-outdoor flow to a sunny secure fully fenced back yard. Four bedrooms, a family bathroom, an ensuite and walk-in robe for the master bedroom. All this and a double internal access garage for convenience and extra off-street parking completes the package.

This property is well looked after by the long-standing tenant, keeping your investment tidy and secure. Add to that a desirable and convenient location, close to motorway on-ramps and public transport, which makes for a very popular house in the rental market.

Guaranteed income of $2,477.00 net per month (Gross $2,751.66pm. Based on the annual CPI Review already completed for 2021, which takes effect in March, sees your return on investment increasing to approximately $2534.00 net per month.

This is a secure investment in every sense of the word. Take advantage of a stress-free rental property with a guaranteed return 52 weeks of the year, regardless of whether the property is tenanted or not and Housing NZ is also contracted to reinstate the property to a standard condition upon expiry of the term.

A copy of the Housing NZ contract is available on request.

VIEWING - SUNDAY 1.00 to 1.30pm & TUESDAY 3.30 to 4.00pm

To be sold by Auction - 10th December 2020 at 5.00pm (unless sold prior). In Rooms at Ray White Manukau.