29C Opoia Road
Hamilton East, Hamilton City
SOLD
5
2
2

Potential $1,000 Per Week Rental Income!

Potential for a high yielding hands off investment.

Spacious 137m2 townhouse, built in 2004 of low maintenance materials. Coloursteel roofing, aluminium joinery and solid plaster finish over Riblath. Exterior of the property was completely repainted five years ago.

Approved building plans from the Hamilton City Council and Code of Compliance certificate available upon request.

Only 5 minutes walk to Hamilton CBD. Property consists of five double bedrooms and two bathrooms over three storeys. Large communal living area and kitchen. Added benefit of a huge external courtyard to the rear of the property which is fully fenced. Two car parks at the front of the Apartment plus on street parking. Property is situated in a cul-de-sac.

Opportunity to renovate the interior of the apartment and to add further value to the property. Potential to not only increase the market value of the property but also to enhance the rental return per room by offering a high quality living environment to tenants. For example, the interior of 29A Opoia Road has recently been extensively renovated to a high standard. The interior of 29C Opoia Road could also now be renovated by the new owner.

Rental appraisal of $200 to $210 per week per room as separate tenancies or potential of $1,000 in total per week (based on a full five room occupancy). The property is presently rented on a room by room basis on separate tenancies. The rental appraisal has been prepared by Ray White Property Management who will be managing the property from the end of May. The rental appraisal is available upon request.

Body Corporate Levy of $1688.04 per year includes building insurance and all external repairs and maintenance. Rates of $1617.78 per year (HCC) and $359.78 per year (WRC). Landlord pays for power and internet for tenants as part of the tenancy.

Please call the listing salesperson Kevin Benge for further details on 021 066 6972.

Open Homes

Property Features

Property ID: HAM33383
Bedrooms: 5
Bathrooms: 2
Building: 137m2
Listed By:Online Realty Limited Licensed (REAA 2008)
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Features:

  • Double Garage

Chattels:

  • Drapes
  • Extractor Fan
  • Floor Covers
  • Light Fittings
  • Stove
Kevin Benge, Investment Specialist at Ray White Hamilton City