3/7 Snead Place Hamilton East, Hamilton City

$1,150 PW RENTAL APPRAISAL

$46,165 PY RENTAL INCOME

7% GROSS YIELD

VIEW BY APPOINTMENT

This investment property is situation in a prime location only a few minutes' walk from Waikato University and the new Medical School. The location is excellent and has a high occupancy rate. A rare opportunity for an astute investor. This is an ideal investment with four furnished studio rooms in a low maintenance Apartment. The exterior of the Apartment is constructed of brick and PVC weatherboards, double glazed aluminium joinery plus a coloursteel roof. The Apartment has a shared living area, kitchen and laundry.

The positives are:

• Rental appraisal of $1,150 PW
• All studios are fully tenanted & furnished
• An incredible rental income of $46,165 PY as of 31 August 2025
• Current rental income of $970 PW on periodic tenancies

• Built in approximately 2014 of low maintenance materials -Quality construction throughout
• Healthy Homes Compliant -A extensive list of chattels included in the sale
• Body Corp Levy & Building Insurance is $3,444.64 PA
• Each studio has its own ensuite plus kitchenette and comes complete with double bed, bar fridge & microwave

The first floor features a shared lounge, dining area and fully equipped kitchen including a fridge / freezer. There is a laundry equipped with washing machine and dryer.
This property is offered for sale complete with furniture and chattels.

You will need to make a time to look through it. Please call the listing salesperson Kevin Benge now on 0210666972 for further details to avoid disappointment.

PLEASE NOTE - Images have been virtually staged for marketing purposes

Land Area Disclaimer:
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Hamilton City Council (LIM), or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.