Welcome to 1/23 Ross Crescent in the heart of Fairfield - an exceptional rental opportunity that you won't want to miss! .
Priced at an enticing $535,000, it presents an unparalleled opportunity in today's market, considering the rising construction costs.
One of the standout features of this property is the security of a 7-year lease, providing you with peace of mind and a hassle-free investment. Here are some compelling reasons why this opportunity should not be overlooked:
A little insight regarding the Lease.
1) Government Lease Advantages:
- As it is a government lease, all interest is tax deductible.
- Subpart DH 4(4) specifies that interest incurred for land used in social, emergency, and transitional housing by registered community housing providers under the Public and Community Housing Management Act 1992, Kāinga Ora or its subsidiaries, or government departments listed in schedule 2, part 1 of the Public Service Act 2020, is exempt from certain regulations.
2) Annual CPI Increase:
- Each year, there is a Consumer Price Index (CPI) increase, simplifying rent adjustments and ensuring a substantial rental income over time.
3) Property Restoration:
- At the end of the lease, the head lease will restore the property to its original condition, as it was received when initially handed over. (Property was handed over in a brand-new condition any damages to the property etc. will all be rectified by the government at the end of the 7-year lease.
4) Consistent Rental Income:
- This lease provides income for all 52 weeks of the year, unlike traditional tenancies that may have vacant periods due to turnover, advertising, and screening.
5) Hassle-Free Property Management:
- No worries about tenant payment defaults, inspections, or repair disputes. The head lease covers repair costs, and maintenance decisions rest with the landlord.
Don't let this fantastic investment opportunity slip through your fingers. Contact us today
