24C Heath Street Saint Andrews, Waikato

VIEW BY APPOINTMENT

A rare opportunity has come up to purchase a 101 sqm two-bedroom free standing brick and tile house on its own 304 sqm freehold title, in St Andrews. Situated in a quiet and secure location well back from the road.

According to the IRD, as the sole 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).

Income from the property is guaranteed, whether occupied or vacant, through a lease with Kainga Ora. The lease with Kainga Ora runs to 26th November 2024. The lease payment received from Kainga Ora is $1,914 per month (net). Kainga Ora arrange the tenant and property manages them as well.

There is no Body Corp Levy as there is no Body Corporate in place for this property. The building insurance is $1,075.25 per year. Hamilton City Council rates of $2,508.73 per year and Waikato Regional Council rates of $433.71 per year apply.

This property is situated in an excellent location in Saint Andrews and is only a short distance to shops and a Supermarket.

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