House for Sale

2 Ferry Road Spring Creek, Marlborough District 7202

$895,000 plus GST
  • 6 Beds
  • 2 Baths
  • 11 Cars

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House for Sale in Spring Creek

Have you seen such good investment?

  • 6 Beds
  • 2 Baths
  • 11 Cars

Is 7.5% profit yield or higher possible in the current property market?

Very hard to come by, but YES it can be done!

The presented Marlborough property will be a sound investment for those looking for a high yield, low maintenance investment opportunities. You will be buying a land and property package, not the business.

The property has been occupied by Swampys backpackers, who have become one of the landmark backpacking business in the area with backpackers coming and going all throughout the year. The business have just signed up another 10year lease term at a very generous rental fee with full guarantees, so all you have to do as the next owner is just enjoy the generous rental profit.

1080sqm of freehold land and property on a corner site, your rental income from this property will be like none other at this price range. The property is professionally managed by the backpacking business, and as a new owner you will not be involved in managing and looking after the property physically.

If you are looking for a strong rental income investment to boost your portfolio, this is an opportunity not to be missed!

Features:
-1080sqm corner site land, property and all chattels incl package
- Fixed minimum 10 years lease with high rental guarantee in place.
-Current rental income is 65,000+GST per annum, and will be at $70,000 +GST from June 2018. (Next rental review is in 2019 with CPI plus 2% guranteed. Lease agreement guarantees that new rental is never going to be lower than previous amount)
-Very low maintenance and outgoings.
-Every 2 years rent reviews to CPI plus 2% will continue through out the guaranteed lease date.
- Plus Market rent reviews in 2022, 2027, and 2032 subject to rent reviews.
-High yield rate of 7.5% at the asking price.

Contact Hannah or John for more information now!

Property ID:

EPS22834

Building:

276m²

Land:

1,080m² / 0.27 acres

Parking:

11 garage spaces

Bedrooms:

6

Bathrooms:

2

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