NZD 489,000

Are you wanting guaranteed investment income? Do you want to future proof extra income? Then this centrally located Two (2) Bedroom, One (1) bathroom brick single level unit in Frankton is just the ticket for you. Both bedrooms are doubles and there is an open-plan kitchen with dining area, a well designed floor area of 88sqm and a comfortable living space for tenants.

Constructed in 2007 (CCC available), the property features a modern design and with the low maintenance attributes associated with brick cladding and aluminium joinery. Additionally, the convenience of an internal access garage adds to its appeal now and with future tenants.

Currently under lease with Housing New Zealand until January 2027, investors can benefit from a secure monthly income currently over $2000 per month and subject to yearly increases. While this ensures stable cash flow, it's essential to review the lease terms in full.

As well as the guaranteed income now, investors should also consider future flexibility and market trends in the Frankton area where demand for rentals is traditionally strong. An understanding of future local rental demand and potential is crucial for long-term investment success and will highlight the sound investment this property represents .

In summary, this well-presented property offers modern comfort, the low maintenance of brick cladding, and a guaranteed income stream. While also presenting a promising future investment opportunity.

For more information or to arrange your viewing Better Call Paul: 027 270 1608 or Emma: 022 088 5013.

Property ID: LC19243

Location: 17E Campbell Street, Frankton

Bedrooms: 2

Bathrooms: 1

Living: 1

Garages: 1

Building area: 88m2

Chattels: Bathroom Extractor Fan, Curtains, Fixed Floor Coverings, Garage Door Opener Remote Control, Light Fittings, Rangehood, Smoke Detectors, Wall Oven

Insulation: Ceiling

Stove: Electric

Roof: Metal Tile

Fencing: Partially Fenced

Frontage: Street

Amenities

• Bedrooms: 2
• Full Bathrooms: 1
• Partial Bathrooms: 0
• Property Type: Residential For Sale
• Home size: 0 ft² / 0 m²
• MLS: 19195-LC19243
• Web ID: E5WUJG
• Status: Active

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