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Bartercard Property

FREE PHONE 0508 BARTER
0508 227 837
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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
bartercard australia
 

Auckland - Investors Delight Home and Income


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RegionAuckland
Property TypeResidential
Asking Price $350,000
Trade Dollars $115,500
Cash Dollars $234,500
Price Notes
33% Trade
Sold Date23/06/2015
VendorGarth Cutfield
021 636 212
garth@propertytools.co.nz
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Conditions
 
Investors Delight Home & Income - 10% Yield in Auckland!

This 3 bedroom house with attached 2 bedroom flat ticks all the boxes
for an investment.

Rental return from the house is $440 pw and the flat is $340 pw, giving
$780 per week in total or $40,560 per annum.

Taking the ground rent into account gives a comparable $34,060 per annum.

The outgoings are as follows:
  • Rates: $2,550 pa
  • Ground rent: $6,500 pa
  • Lease is a 21 year renewable lease due for revision in 2025.
This means that the property is yielding 10% on its adjusted rent. Wow in this Auckland Market!



For more information please contact Garth on 021 636 212.

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Cameron Owen

09 414 6837