City units an instant portfolio winner

Located in a beautiful, tree-lined street in popular Hamilton East, 88 and 90 Firth Street could be that golden investment opportunity you’ve been looking for.

Favoured for great schooling and its proximity to the CBD and recreational amenities – elements key to consistent growth and demand – investing in Hamilton East is a smart choice.

The lifestyle offered and the renaissance of Hamilton East Village add to the appeal.

Consisting of eight twobedroom units, each with internal-access garaging, the block of units currently returns a total of $3,870 per week – with upside.

The units are offered as a single sale on an underlying 1,437 square metres of freehold, high-density land.

‘‘The successful purchaser is buying an instant portfolio, with each unit on its own separate unit title,’’ says Vaughan Heslop, commercial & multi-unit dwelling specialist for Lodge Hamilton.

‘‘Enjoy the benefit of buying wholesale by purchasing at a steep discount to the sum of the parts.

‘‘Ideal for the portfolio investor, speculator, group of friends or family trust, the successful buyer will enjoy instant ‘paper gains’,’’ he says.

The tenants here love the warm, dry living; modern de´cor; functional layout; and private courtyards.

The complex is in good condition, as you would expect from a well-maintained complex built in 2016.

The units come with plenty of street appeal, featuring brick joinery, Colorsteel roof and aluminium joinery. Double glazing and a heat pump in each unit ensures an even temperature year round.

‘‘There

is

potential

to improve rents and unlock higher returns. A complex like this under single ownership is uncommon and the easymaintenance, single-level design will become increasingly rare given the density and height that is a significant feature of coming developments and urban planning.

‘‘Enjoy the strong yielding, passive cash flow and instant equity. Call me today for more information about this exciting investment opportunity.’’