2D Burrows Place Frankton, Hamilton City

VIEW BY APPOINTMENT

This apartment is the ideal investment for an astute buyer. A guaranteed rental income from Kainga Ora, whether the property is vacant or tenanted.

According to the IRD, as the property's sole purpose is for social housing and it is leased to a government department Kainga Ora, then the owner can still claim interest deductions (Purchasers should confirm this with their accountant or solicitor before proceeding further with this property).

The property is leased to Kainga Ora on a fixed term tenancy until 6th November 2023 for $1,564 rent per month (net). The Body Corporate Levy is $594.52 per year which covers external repairs and maintenance. The Levy for Building Insurance is $986.35 per year. The Hamilton City Council rates are $2,131.32 per year and the Waikato Regional Council rates are $414.92 per year.

Located on Burrows Place, directly off Paterson Street, this provides easy access to the transport routes. The property is in close proximity to the Central Business District. The apartment is also within easy reach of Waikato Hospital, Hamilton Lake and the Hamilton Gardens. Only a few minutes' walk to the Dinsdale Shopping Centre and the Countdown Supermarket.

Please call the listing salesperson Kevin Benge now of 0210666972 for further details on this property.

*Please note, some images advertised have been virtually staged.*