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
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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


Agent's details

Peter Peeters AREINZ
  •  (09) 4702250
  •  (027) 4876349
Harcourts Whangarei, (Licensed: REAA 2008)
(09) 4301000
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Expires: Wed 21 Aug, 11:18 am
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