Cash Flow + Equity Package on the North Shore

[Oopsick]

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

[Oopsick]

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

[Oopsick]

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