Sabulite Road, Kelston, Auckland

Guaranteed Return $39,000p.a.  150m2 (mol) floor area, a freestanding brick & tile beauty on a freehold title of 490m2. It can't get any better than this if you want to be a handsfree investor or Mum & Dad investor, who have adult children in mind, needing a home in a couple years.

Currently leased to and managed by Kainga Ora (HNZ), so you are going to be a totally hands free landlord, plus take full tax deductibility of mortgage repayments. A Kainga Ora (HNZ) managed property with Kainga Ora tenants ensures a hassle-free ownership experience, complete with guaranteed income and comprehensive reinstatement services upon the conclusion of the HNZ lease term.

The house is solid, only 19 years young, offers an open-plan layout, features four bedrooms, two bathrooms including an elegant en-suite bathroom.

The current lease is ending 14/11/2026, yielding an annual income of $39,000 ($3,250 monthly), going forward you could choose to extend or take it back in your hands for your personal use.

Vendor is in need of cash. Give me an offer if you are on the hunt for a handsfree investment or your children are going to need a starter home in the near future. 

HNZ(KO) promise to reinstate before hand over. Call or email to ask for a copy of the current lease agreement. 

NO OPEN HOMES so we kindly request you call or email us to arrange a viewing, 2.5 days notice required please. 

Ying at 0211329199 or Jasjeet at 0221991007, or alternatively, you can contact Chris at 0211033538 to arrange a viewing.

See interactive features for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.