2G/189 Hobson Street Auckland Central, Auckland City

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Ideal little, freehold investment apartment comes with a hard working sitting tenant who has paid every week, on time, without fail. Ideal for those looking to put their hard earned capital to work and enjoy a sensational net yield. Perfectly located just up from the soon to be opening International Convention Centre.

The Equation:

Current Income: $460pwk Fixed term lease expiring 26/10/2018

Less Body Corp $3,356.32 (10% discount included) and Rates $1,129.56

Net Income of: $19,434.12

Buyer Indication range: 6 - 7% Net return