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leoZhu

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Post at 24-7-2010 13:23 | This Author's Posts Only

Managed Boarding House 12% Guaranteed return

return, House, Boarding, Managed, Guaranteed
Boarding house in a high demand area in Mangere EastVery popular professionally run boarding house in a high demand area. The owner is also the neighbour and is happy to stay on and offer a hands off investor a guaranteed 12% net return on a purchase price of $1,100,000 with a new 5 year operating lease. This boarding house is lisenced for 18 rooms accomodating a maximum 35 residents. Occupancy runs at close to 100%. Weekly income is currently $3650 to the owner/managers.Owner willing to pay rates and other outgoings in terms of lease. Where else are you getting 12% return with no input?
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Leo Zhu （国，粤，英语）
Auckland City Apartments Specialist
Chas Wilson Realty Ltd Licensed (REAA 2008)
PO Box 106-341 │ 2 Lorne Street │ Auckland
P. +64 9 308 5531 │ F. +64 9 308 5556 │ M. +64 21 386 768
Email: leo.zhu@raywhite.com
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