412 The Landings, 8 Ronayne Street – Apartment Specialists

Properties

8 Ronayne Street,
City Centre

SOLD

2Bedroom(s)
2Bathroom(s)
1Parking(s)
50

If income/cash flow is your objective – look no further than this recently re-clad, highly rent-able and sustainable leasehold complex.

The ground rent has just been reviewed so your returns will be sustainable for at least the next 7 years – and will likely increase with the rental market.

Investment security around the recently issued Code of Compliance Certificate means you can park your money in this cash builder without fear of unforeseen future costs.

BC Levy or Opex $ 3,392.80

Ground Rent $ 4,877.99

Rates $ 1,323.29

Current rent of $580 is a 7.9% NET at list price.

Rent appraised at $630 means 8.9% NET potentially achievable next rent increase!

Email brad@apartmentspecialists.co.nz

Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).


John McCormick


John McCormick



8 Ronayne Street,
City Centre

SOLD



John McCormick


John McCormick