- 20 Ground Lessor’s interests available in 3 parcels
- Long term leases with perpetual renewals
- Established residential properties in proven locations
- Rental ranges per parcel - $120,250 - $305,000
- The ultimate passive investment
A significant portfolio of ground leases available in 3 parcels, comprising predominantly established residential properties in the established Wellington suburb of Newlands. A well regarded suburb within 15 minutes of the CBD. Each property is subject to a 14 year perpetually renewable ground lease. The sites are a combination of residential homes and rental properties developed during the 1960’s and 1970’s.
- Parcel 1: A single ground lease to WCC. Rental $305,000.
- Parcel 2: 10 properties located in Newlands. Rental $120,250.
- Parcel 3: Seven properties in Newlands, two in Karori. Rental $134,500.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/ResidentialGroundLeasesPortfolio
