Property for Sale

58 Bank Street, Whangarei Central, Northland

  • 40 m2

Low Risk Opportunity

Very rarely does such an exceptional opportunity arise with such a low risk factor. On offer here are 11 various residential apartments, currently leased by Quest hotel for another 9 years with 2 x 5 years renewals.

This opportunity is a no brainer with current bank deposit rates so low, you can lock and leave your money in an investment with a solid guaranteed return of at least 4.7%. These apartments cannot be lived in or accessed by the owner as Quest Hotel holds the leases.
Available for sale are;
8 x Studio Units - asking $195,000 plus GST
1 x Exec Studio - asking $212,500 plus GST
2 x 2 Bed units - asking $400,000 plus GST

Already viewing this on NAI Harcourts? Scroll down for the property documents.
Viewing on Trade Me of RealEstate.co.nz? Copy and paste this link in your browser:
https://naiharcourts.co.nz/Property/953156/WR38234/58-Bank-Street Added 26 November, 2021 Property ID: #WR38234

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Office

Harcourts Napier

Licensed under REAA 2008

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Est. bond $1920
  • 40 m2

Property for Sale

58 Bank Street, Whangarei Central, Northland

Low Risk Opportunity

Very rarely does such an exceptional opportunity arise with such a low risk factor. On offer here are 11 various residential apartments, currently leased by Quest hotel for another 9 years with 2 x 5 years renewals.

This opportunity is a no brainer with current bank deposit rates so low, you can lock and leave your money in an investment with a solid guaranteed return of at least 4.7%. These apartments cannot be lived in or accessed by the owner as Quest Hotel holds the leases.
Available for sale are;
8 x Studio Units - asking $195,000 plus GST
1 x Exec Studio - asking $212,500 plus GST
2 x 2 Bed units - asking $400,000 plus GST

Already viewing this on NAI Harcourts? Scroll down for the property documents.
Viewing on Trade Me of RealEstate.co.nz? Copy and paste this link in your browser:
https://naiharcourts.co.nz/Property/953156/WR38234/58-Bank-Street Added 26 November, 2021 Property ID: #WR38234

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Harcourts Napier

Office Harcourts Napier Licensed under REAA 2008

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Need to sell before investing?

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