Fantastic Investment Opportunity!

21 Brandon Road, Glen Eden, Auckland, Auckland
  • 21 Brandon Road, Glen Eden, Auckland, Auckland. Property Ventures Real Estate
  • 21 Brandon Road, Glen Eden, Auckland, Auckland. Property Ventures Real Estate
  • 21 Brandon Road, Glen Eden, Auckland, Auckland. Property Ventures Real Estate
  • 21 Brandon Road, Glen Eden, Auckland, Auckland. Property Ventures Real Estate
  • 21 Brandon Road, Glen Eden, Auckland, Auckland. Property Ventures Real Estate
Freehold

  9
Price:
$1,295,000
Rental Income
$103,000 gross p/a
R.V:
$1,500,000
Lot Size:
1,012m²
Property Size:
240m²

Fantastic Investment Opportunity!

9 Bedroom boarding house allowed by council, plus a sleep out, plus a basement (unpermitted).

- Newly renovated with heat pumps and tvs in each room
- Completely re-wired and fire protected to high standard for boarding house
- Full security and stereo system installed in building and common areas.
- Monthly fire protection in place
- Current Building WOF
- Currently managed by excellent property manager happy to stay
- 1200m site
- Building has new solar panels on roof to reduce power
- Freshly renovated and painted with happy tenants
 
Income
 $103,000 per annum gross rental
 
Expenses
Fire:  $43 per month
Power: $250-$300 per month
Rates: $2,400pa
Water: $150 per month
Insurance: $300 per month
Property manager is in place at 8%
 
Registered Valuation: $1.5m inc GST - Darrachs valuations
Valuation: $1.315m Inc GST from Seagars Realty
Terraced and Apartment zone
Vendor is not GST registered so the purchaser can claim back an additional 15% if they wish to do so.
 
Phone Logan to view or for more details on 0221572370.





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