GREAT RENTAL OR HOME - HAMILTON EAST

The owner has sensibly priced this property, which would make either a fabulous rental or amazing home, to sell.

The Capital Value is $520,000 set on 1st September 2018 by the Hamilton City Council. The Capital Value will next be updated by the Council on 1st September 2021.For additional information on the estimated value of this property please refer to Homes.co.nz

Two bed-room 100 sqm free standing townhouse situated on it's own 300 sqm Freehold title in the heart of Hamilton East. Located in a quiet and secure location well back from the road.

The house was constructed in 2012 of modern low maintenance materials. The building has a colour steel roof, fibre cement weather boards and double glazed aluminium joinery. The property is in near new condition and has had only the one owner since new.

Income from the property is guaranteed, whether occupied or vacant, through a lease with the current tenant Housing New Zealand. The lease terminates on 21 June 2020. There is no right of renewal. The lease payment from HNZ is $1,452 (net) per month or $17,424 (net) per annum. The lease is reviewed by HNZ each year through a CPI formula and the payment adjusted accordingly. The last CPI adjustment date of the lease was June 2019.

The opportunity to move into the property is available after June 2020 once the lease with HNZ comes to an end. Alternatively, rent the property out through Ray White Property Management. The rental appraisal from Ray White Property Management is $400 - $430 per week. Options either way here.

Hamilton City Council rates of $2,145.63 per year and Waikato Regional Council rates of $406.16 per year apply. There is no Body Corporate, no Body Corporate Rules to obey and no Body Corporate fees to pay with this property.

Please call the listing salesperson Kevin Benge now on 0210666972 to arrange a viewing.