18 Regents Park Place Westgate, Auckland

After 15 years of ownership our Japanese owner has decided not to come back to NZ. With a change in their retirement plan the time has come to say goodbye to this lovely income machine. This leaves you with an opportunity to snap a guaranteed investment in an excellent Westgate location.
It currently has a lease till Nov 2022 with Housing New Zealand (with a possibility to extend - T's & C's apply), so a guaranteed rental income without worrying about the tenant at all. Current net rental income is $23,136 after HNZ 10% margin.
This means a perfect hands-free investment for the astute buyer!
After Nov 2022, you have got so many options. You might possibly extend the HNZ lease, rent it out, or just move in. Otherwise you can do up and sell! The choice is yours!
Built in 2004 this solid and modern 2 bedroom brick and tile home with single internal access garage features open plan living, low maintenance grounds and a super handy location. Nestled in a very quiet cul-de-sac street and neighbouring Amberwood Rest home, this is the perfect property to retreat to after a busy day at work.
Sitting in the quiet part of Westgate and short drive to rapidly growing North West Shopping Centre, Westgate Shopping Centre, SH16 and 18 Entrance/Exit, Royal Reserve, Kumeu Wineries etc
Great for professionals, small families or investors who are looking for solid rental income. What else you need?
Features:
Location, location, location!
Solidly Built Brick and Tile
Single internal access garage
Guaranteed Income till Nov 2022
First time on the market in 15 years!
Overseas vendor - must sell!

You won't be able to find better income earner easily!

Asking $499,000

Viewing is strictly by appointment only!
Call Yuhei on 021 556 028 to arrange.
To view or download the relevant documents at www.propertyfiles.co.nz/18regentsparkplace