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  1. #1
    Join Date
    May 2005
    Location
    Auckland
    Posts
    257

    Default Cash Flow + Equity Package on the North Shore

    3 streams of income; 5.4-5.5% return each; 14-15% equity each (based on Reg Valuation August 2006; new rental appraisal and valuation will be coming soon).

    3 x 3brm Town Houses in the heart of North Shore (East Side, Sunnynook), handy to motorway and amenities

    PP $385,000 + $385,000 + $390,000 = $1,160,000

    Currently rented $400 + $400 + $410 = $1,210 / w
    New rental appraisal will be coming soon
    Available tenanted or vacant

    Rateable Value $410,000 + $410,000 + $420,000 = $1,240,000

    Registered Valuation (August 2006) $445,000 + $445,000 + $455,000 = $1,345,000
    New valuation will be coming soon

    Built 1990’s Tile Profile, Roughcst, 140sqm with 2 gge spaces each in a complex of 21 Town Houses with shared swimming pool and tennis court

    Each town house is coming with Rangehood, Dishwasher, Alarm, Clotheline, Auto Gge Door and Controls

    Settlement 6th June 2007 (can be earlier)

    Please PM or e-mail for more information

  2. #2
    Join Date
    May 2005
    Location
    Auckland
    Posts
    257

    Default More Information and Photos

    Modern Kitchen
    Open Plan Dining
    Open Plan Lounge
    3 Toilets
    3 Double Bedrooms
    2 Bathrooms
    Deck
    Patio

    Access to Swimming Pool & Tennis Court

  3. #3
    Join Date
    May 2005
    Location
    Auckland
    Posts
    257

    Default

    Updated rental appraisal = $410-430/week for each Town House, which makes the return 5.5% - 5.8%

    Building inspection has been carried out today on each Town House.

    Also more photos (interior and exterior) available now

    Please request and provide your fax and/or e-mail details


 

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