Portfolio performer - 75 residential units

Lower Hutt, Lower Hutt

Tender

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c5pfjs

The ultimate low risk investment - 75 Units over 7 buildings on a 6498sqm site in northern Lower Hutt.

The building comprises 63 bedsits, 10 one bedroom and 2 two bedroom units in 7 separate blocks that have been professionally managed and maintained and are well suited to this location.

This property has a sound lease history and provides an investor with a low risk managed investment

- Net rental - currently returning $580,000 after full management and maintenance
- Rent growth potential, the rental market has continued to strengthen
- Up to $80,000 upside in rentals
- Taita - a great rental location close to transport, park and convenience shopping.

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