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  • 5 beds
  • 1 bath

3H/242 Taranaki Street Mount Cook

BEO $380,000
Private Treaty
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This property has been sold. Would you like more information on the sale, or do you have a property you'd like to discuss selling?

Mt Cook Investment

Looking for a stress free investment property where the income is direct debited monthly, with no stress of management - Here on offer is a proven performer , a fully furnished 5 bedroom apartment spread over 83 Sqm, facing North, with great sunshine until late afternoon.

  • Laundry room
  • Separate 2nd toilet
  • Common areas with a pool table and TV
  • Net Income of $28,516.89 pa ( Nett after repairs/maintenance and body corp)
  • WCC rates $1,617.52 pa
  • Built Circa 2000s to EQ code
  • Unit Titled /Freehold tile.

( Further three year right of renewal period expiring 31st December 2023 ) This property can not be occupied until lease expiry.

Massey University manages the tenancy throughout the full year. They determine the income across the whole complex and divide it up each year according to the number of bedrooms for each apartment which guarantees a regular monthly rental payment spread over the whole year. Massey manage to keep the occupancy rate above 95% over the whole block. A very well run accommodation office with an efficient manager who oversees all supervision, maintenance and upkeep of all the units has been an integral part of ensuring consistently strong returns.

Buyer Enquiry From $380,000


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