I may invest , sight unseen in some 1 bedroom apartments ,
47 sq m to 55 sq m in Charlotte street
$NZ 207000 to $214000.
I an not in NZ
eg Apartment
53 sq m, Gross rent $NZ 15600 car Park
Net yield 5.9% ie less water insurance rates / body corp / management fee
Built 1999
Building depreciaton $145000
Equipment Depreciation $57552
Does this seem good/bad /average at face value?
Is it worth persuing or are there better places for the price?
There is an 11 year lease with NZHC with yearly rental reviews.
I have not supplied enough information for an exact anwer but maybe you could add some input.???
Thanks
47 sq m to 55 sq m in Charlotte street
$NZ 207000 to $214000.
I an not in NZ
eg Apartment
53 sq m, Gross rent $NZ 15600 car Park
Net yield 5.9% ie less water insurance rates / body corp / management fee
Built 1999
Building depreciaton $145000
Equipment Depreciation $57552
Does this seem good/bad /average at face value?
Is it worth persuing or are there better places for the price?
There is an 11 year lease with NZHC with yearly rental reviews.
I have not supplied enough information for an exact anwer but maybe you could add some input.???
Thanks
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