Palmerston Street, Hamilton City Central, Waikato

EXCELLENT CENTRAL CITY LOCATION - OUTSTANDING RENTAL INCOME OF $1,135PW!  

This investment property is situated in a prime location only a few minutes walk from both the Waikato Hospital and the Hamilton Central Business District.

A rare opportunity for an astute investor to purchase an established and fully operational furnished four-bedroom studio apartment complex complete with a shared living area, kitchen, and laundry.

The positives are:
* All studios are fully tenanted
* Rent of $1,135 PW from 16/9/24 
* Each studio & the living area is furnished
* Quality construction throughout
* Built of brick and weatherboard in 2015
* A Healthy Homes-compliant property
* An extensive list of chattels
* Body Corp Levy - $2,029.83 PA
* Building Insurance - $2,036.04 PA

Each studio has its own ensuite plus kitchenette and comes complete with double bed, couch, TV, bar fridge, microwave, etc. The downstairs features a shared lounge, dining area and well equipped kitchen. Outside there is a private courtyard for the tenants use.  The owner pays for the internet service and for the power for the property. 

Rent increases have been communicated in writing to the tenants with the required 60 days notice period and the rent will be increasing from the current amount of $1,055 PW to a rent of $1,135 PW from the 16/9/2024.  

This property will be sold so you will need to make a time to look through it. Please call the listing salesperson Kevin Benge now on 0210666972 for further details to avoid disappointment.

PLEASE NOTE: Images have been virtually staged for marketing purposes 

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Waikato Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.