Brick and Tile Certainty - HNZ Leased Investment
Check out this spacious, single level, 148sqm (more or less) home situated on 477sqm (more or less) of road frontage, freehold section in a popular location in Mangere. The home feature 4 double bedrooms as well as a large open plan living area and internal access garaging.
The Naylors Drive location provides very easy access to Motorway and Auckland Airport.
This property is currently leased to Housing New Zealand until October 2017 with a final expiry of 18th Feburary 2019.
Annual Rent $24,700 (gross), monthly $2058.33 (gross).
Housing NZ Administration Fee 8% of Annual Rental.
Several benefits of a HNZ Lease include:
* Property damage by the tenants are not owner's responsibility & up to $ 5000 Minor Work Threshold.
* Once the lease expires Housing New Zealand will reinstate the property to its original condition (less fair wear & tear).
* Guaranteed rent 52 weeks of the year.
* If the property sits vacant the rent still gets paid.
* Your rent will be reviewed annually according to CPI level as per the rental lease (next rent review July 2015).
* Managed by a Property Manager - (no dealings with tenants).
* Ability to sell the property at any time with existing lease in place.
For a rock solid investment opportunity call me to view today.