4 Abraham Place St Johns $169,000

Bedrooms
5
Bathrooms
4.00
Land Area
721m2

An entry level leasehold investment comprising 4 Flats (with 4 income streams).

This property would suit an investor desirable of starting out or adding to their portfolio.

A well located property built to purpose as an investment with each flat self- contained with bathroom, kitchen facilities etc on 721m2 section.

This investment has a current Gross Income of approx $72,000 with a Nett Return of approx $21,000 showing an attractive yield and with 4 years remaining in the current lease, there maybe some upside of tenant rental increases.

There is a perpetual 21 YEAR LEASE until July 2029 with 7 yearly lease reviews.

Next review, July 2022.

Current lease $41,500

This could also be an ideal opportunity for you to live in the front 2 Bedroom Flat complete with garage and have the income from the other three Flats.

3 x 1 BRM Flats provide current rental income of $50,700

1 x 2 BDM Flat provide current rental income of $21,320

Please Call Tina on 021800076 for your private appointment to view


4 Abraham Place St Johns
Auckland
New Zealand
Sale Type: By Private Treaty
Ref #: 121004
Category: Residential
Tina Gray
One2One Realty

P: 09 5202102
M: 021 800 076
Contact Agent
Bedrooms
5
Bathrooms
4.00
Total Units
4
Land Area
721m2
4 Abraham Place St Johns
Auckland
New Zealand
Sale Type: By Private Treaty
Ref #: 121004
Category: Residential
Tina Gray
One2One Realty

P: 09 5202102
M: 021 800 076
Contact Agent

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4 Abraham Place St Johns
Auckland
New Zealand
Sale Type: By Private Treaty
Ref #: 121004
Category: Residential
Tina Gray
One2One Realty

P: 09 5202102
M: 021 800 076
Contact Agent

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4 Abraham Place St Johns
Auckland
New Zealand
Sale Type: By Private Treaty
Ref #: 121004
Category: Residential
Tina Gray
One2One Realty

P: 09 5202102
M: 021 800 076
Contact Agent
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