While your money is worth less in the bank right now, this 6.25% investment might just be the best option to gain maximum returns as you lock in historically low interest rates. The Vendors recognize there are some improvements to be made to the property and have priced accordingly, allowing you to purchase, improve and make further gains yourself.
The property is renting this year at $810 per week, and a new fixed term tenancy is already in place to take over immediately at the end of the year at $870 per week locked in for all of 2021. The rent could subsequently be improved with some light improvements to the property.
Enquire now to discuss what you can make of this property before it is snapped up in this tightly held student market.
•Great location to attract both university and polytechnic students
•Add-value gains to be made
•Rented all the way through to the end of 2021
To view a 3D Virtual Tour of the property, click here: https://bit.ly/2ZkDR4e
A full Colliers Information Memorandum and additional property documentation including LIM is available on request.
Viewings are by private appointment only with our Brokers.
Other investment options at www.colliersotago.co.nz