A great cabin to have in your property portfolio, as it is making you surplus cash. The cabin has a good track record of tenants that have paid an average of NZ$280/week. Based on the asking price this can give you a cash positive return of NZ$72 per week after your capital has been paid back to you and the lease/rates are paid to the Council. A 6% return on your investment. This will vary depending on the final purchase price and rental income achieved.

Some background on the cabin for you.
You are buying a right to occupy and the physical cabin itself. With that in mind there is no land area involved in the sale. The land is leased from council. The cabin right to occupy/lease has till 30 Sept 2015 to run. ). There is an annual lease charge of $3800/year (this is subject to change like a rates demand). You have normal out goings just like a freehold house, nothing more that I’m aware of.

David Clarke

Sales Associate 

M

(027) 436 0225

DDI

(03) 450 2880

david.clarke@remax.net.nz