Guaranteed Rental Income till July 2020!

After 14 years of ownership our Japanese owner has decided not to come back to NZ. With a change in their retirement plan the time has come to say goodbye to this lovely income machine. This leaves you with an opportunity to snap a guaranteed investment in an excellent Glen Eden location.
It currently has a lease till July 2020 with Housing New Zealand (with a possibility to extend - T's & C's apply), so a guaranteed rental income without worrying about the tenant at all. Current net rental income is $28,226 after HNZ 8% margin.
This means a perfect hands-free investment for the astute buyer!
After July 2020, you have got so many options. You might possibly extend the HNZ lease, rent it out, or just move in after HNZ guaranteed refurbishment at the end of lease. Otherwise you can do up and sell! Please bring your own imagination!
Built in 2004 this solid and modern 4 bedrooms brick home with single internal access garage features open plan living, low maintenance grounds and a super handy location. Nestled in a very quiet cul-de-sac street and neighbouring Clayburn Reserve, this is the perfect property to retreat to after a busy day at work.
Sitting in the quiet part of Glen Eden and short drive to rapidly growing Lynnmall Shopping Centre, Titirangi Town Centre, SH16 and 20 Entrance/Exit, 800m to Glen Eden and 1.2km to Fruitvale Train Station.
Great for professionals, families or investors who are looking for solid rental income. What else you need?
Features:
Location, location, location!
Solidly Built Brick home
Single internal access garage + 2 Off Street Parking
Guaranteed Income till July 2020
First time on the market in 14 years!
Overseas vendor - must sell!
You won't be able to find better income earner easily!
Price by Negotiation!
Viewing is strictly by appointment only!
Call Yuhei on 021 556 028 to arrange.