421 Queen Street Auckland Central, Auckland City

If you want a rock solid residential investment without having to worry about tenants or maintenance - look no further.

This freehold one bedroom apartment is leased to Housing New Zealand until June 2022 - it doesn't get much better than collecting your rent from the government! Collect $350 per week, 52 weeks of the year with zero vacancy and let HNZ deal with any tenant/maintenance issues along the way.

In times like these, you really can't find a more reliable tenant.

Kiwi on Queen is situated on Auckland's golden mile, metres away from downtown, K Road and Ponsonby. With excellent onsite management and a well-managed body corporate, you can have peace of mind that your investment is being well handled.

When the HNZ lease ends you have options to live in residence or lease out on the open market, or just renew the lease and keep your investment truly 'hands off'.

For an A+ location, hands off investment with rent paid directly from the government - this is a no brainer (and a much better return than keeping your money in the bank!)

Body corp levy is circa $3700 per annum and council rates are $1,245pa.

Asking just $299,000 - contact Mitch or Ryan for an info pack.