OUTSTANDING CASH FLOW OPPORTUNITY

42 A/B/C/D/E Olivine Street Poike
For Sale: By Tender
Listed by: John Foot (mob. 021 525 258) & Rose Thomas (mob. 021 284 6627)

This is a unique opportunity to purchase six purpose built unique student accommodation dwellings with the potential to be used for whanau housing, single adults or seasonal workers. A 3 bedroom home could house an on-site manager or caretaker.

Six dwellings on five separate freehold titles with a total land area of 3,751m². 

42A: 3 bedrooms renting for $450pw with double garage
42B: 6 bedrooms renting for $170pw per room including power 
2 bedroom disabled unit renting for $450pw including power
42C: 6 bedrooms renting for $150pw per room including power
42D: 6 bedrooms renting for $150pw per room including power
42E: 6 bedrooms renting for $760pw total

Water, power (where shown), rubbish collection, grounds maintenance and weekly cleaning of the bathrooms and common areas are included in the rent of the 6 bedroom units.

Total current cash flow when fully let = $4,480 per week = $232,960 per annum.

For sale by Tender closing at 4pm on Thursday 27 April 2017. Offers may be for all or any combination of the individual properties.

Viewing is by appointment only as the properties are currently tenanted. 

Call for an information pack - John Foot 021 525 258 or Rose Thomas 021 284 6627

To view more photos, go to http://www.realestate.co.nz/3045408