Listing #:1991696469

Own a piece of the Tourism Growth in Northland

Location: 58 Bank Street, Central Whangarei, Whangarei, Northland
Property use: Tourism
Floor area: 33m2
Price: Asking price $238,000
The chance to purchase a fully maintained investment property that is just over 3 years old and presented in pristine condition.

Two great little units in the Quest Hotel Whangarei, which are leased from 18 September 2015 for a period of 15 years, followed by 2 x 5 year renewals.

The rentals are increased annually by 2%, with market rent reviews every 5 years from the commencement date.

The current rental is $13,005 plus GST for each unit for the 2018-2019 year. Rental for the 2019-2020 year will be $13,265.10 plus GST with 18 September 2020 being a market review.

Outgoings of approximately $3,800 per unit are unrecoverable from the tenant.

Agency reference #: WR33754
Show on map
  • directions_car
  • directions_bus
  • directions_run
  • directions_bike
Depart at:
Duration:
Distance:
 
While we've done our best to correctly map this location, it may not be exact.
While we've done our best to correctly map schools in this location, school zone information may not be exact,
so please double check with the school. Read our Maps in Property help page for further information.
Asking price: $238,000
58 Bank Street, Central Whangarei, Whangarei, Northland
Asking price: $238,000
Listed: Tue 19 Mar, 9:45 am
Peter Peeters AREINZ
Harcourts Whangarei, (Licensed: REAA 2008)
  • Contact details
  •  (09) 4702250
  •  (027) 4876349

Advertisement

Agent's details

Peter Peeters AREINZ
  •  (09) 4702250
  •  (027) 4876349
Harcourts Whangarei, (Licensed: REAA 2008)
(09) 4301000
Log in or register to email the agent.
Expires: Wed 21 Aug, 11:18 am
Page Views
1348