Rare as rocking horse passive income for the non-leveraged investor. This apartment has edge! Being term leased until 2034 by the Body Corporate in this reputable building, you will pay no Body Corp, no Insurance, no Rates* and best of all, no Ground Rent.
You will receive
$1288.11 monthly
Bi-annual CPI plus 2% rent increases! Next increase is due November 2026
Last review this equated to just over 5% per annum - really solid improvement.
Value increases based on the improving income vs local cap rates.
Surety of tenure - lease next expires October 2034
*Rates fully reimbursed by tenant
But what will they do then? Site cameras and other services are trunked into this office. From the Lease: "The permitted use of apartment CU2 shall be as a managers unit"
We say again - this apartment has edge. It also is in a highly utilised building in a fantastic location in the heart of Downtown Auckland.
If you want to invest in safe property returns with minimal hassle, they don't come much easier than this. Call now to discuss your interest, fill out a CA, get the info pack, and let's get you across all the facts so you can make an informed decision.
Contact Steve Starke 0275 413 061 [email protected]
