54 Silvester Street, Woolston

Reliable and steady income

Asking price $475,000

Viewings are welcome, please call for times.

Inside the townhouse, the open-plan living and kitchen area enhances the sense of space, while a heat pump ensures year-round comfort, with two bedrooms and a well-appointed bathroom. The north-facing sheltered garden offers complete privacy for tenants and requires minimal upkeep. Additionally, the property features a carpeted single garage with internal access, complemented by an off-street parking space.

• Government-guaranteed rental income of $500 per week
• Five-year lease commencing from 2nd July 2024 with CPI annual adjustment and $5,000 minor work threshold
• Over 60s tenants managed by Kainga Ora
• Eventual handback in originally leased condition
• Fully compliant and Healthy Homes certified
• Situated on TC2, RSDT zoned land
• Conveniently located near New World, Woolston Club, and local dining options

Kainga Ora (Housing New Zealand) has renewed the lease through to July 2029, providing a reliable income stream and peace of mind for investors. This property is particularly suited for those seeking a “set and forget” investment opportunity. Don’t miss the chance to add this sturdy townhouse to your portfolio.