Apartment 002, 6 Durham Street, City Centre, Tauranga, Bay Of Plenty

If you’re looking for a true passive investment that delivers strong, reliable returns, Apartment 002 in the Kingsview complex is the opportunity for you. This leased two bedroom, one secured car park apartment is professionally managed by Quest, providing peace of mind with hands-off ownership, secure income, and the confidence that your investment is well maintained. Currently returning a net income of $23,569.13 + GST, with annual rental growth. The current lease term is through to 1st August 2029, with further Rights of renewal, this is a rare chance to secure an asset with such strong performance. With interest rates tracking downward, now is the time to put your money to work in a proven investment. Located in the heart of Tauranga’s City Centre, Kingsview offers convenience, quality, and solid accommodation demand.   Contact Dan or Duncan today to arrange a viewing.

Features:

• Great current net return of 6%
• Hands off investment
• Strong tenant
• Annual rental growth
• One secured car park
• Total Gross Income: $29,635.93 + GST
• Tauranga City Council & BOP Regional Council Rates: $3,188.43 + GST
• Body Corporate Fees - Current Year $2,878.37 + GST
• Area 64m² (approx.)

For Sale by Asking Price of $392,800 + GST (if any)

More information: https://www.colliers.co.nz/p-NZL67036619