4 Abraham Pl, St Johns, Auckland 1072, New Zealand

An entry level leasehold investment comprising 4 Flats (with 4 income streams).

This property would suit an investor desirable of starting out or adding to their portfolio.

A well located property built to purpose as an investment with each flat self- contained with bathroom, kitchen facilities etc on 721m2 section. 

This investment has a current Gross Income of approx $72,000 with a Nett Return of approx $21,000 showing an attractive yield and with 4 years remaining in the current lease, there maybe some upside of tenant rental increases.

There is a perpetual 21 YEAR LEASE until July 2029 with 7 yearly lease reviews.

Next review, July 2022. 

Current lease $41,500 

This could also be an ideal opportunity for you to live in the front 2 Bedroom Flat complete with garage and have the income from the other three Flats.

3 x 1 BRM Flats provide current rental income of $50,700

1 x 2 BDM Flat provide current rental income of $21,320