6 St Martins Lane, Grafton
- This location has been autonomously mapped, it may not be exact.
6 St Martins Lane, Grafton
$249,000
6%+ Net, Zero Management
Grafton investment that runs itself.
Unit 6C at St Martins Lane is a 57m² two bedroom apartment built for the investor who wants income, not involvement. Fully furnished and earning from day one, with nothing to buy, stage or fix before it starts paying.
Here's the difference. Nesuto professionally manage the complex, handling the letting, guests, utilities and upkeep for you.
On an ordinary rental you'd surrender eight to nine per cent of your gross rent to a property manager every year.
Here that cost is currently nil, which is how 6C has the potential to deliver a net yield above six per cent while ordinary rentals hand theirs to management fees. The rent arrives monthly whether the apartment is occupied or not. The operator carries the vacancy risk, not you.
Grafton holds its value quietly, walking distance to Auckland City Hospital, the University and the city centre. The lease carries a further ten-year renewal right, giving you a clear line of sight on income for years.
Set-and-forget income, in a location that stays in demand. Offered by negotiation. Enquire today for the full information pack and lease summary.
Note: The photos used are of a similar unit in the same complex; however, please note that the furniture, outlook, and finishes may vary. For more specific details, please refer to the chattels list.
Facts & Features
Title Type
Freehold
Rates
$4203.5
Rental Appraisal
$600-$640 /week
Estimated Net ROI
9.54%
Pets
No Pets
Dan McKillen
Rory Hunt
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).
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