Howe St. Opportunity




MUST BE SOLD AS ONE LOT

STUDIO Furnished RENT
pw
RENT
pa
BODY
CORP
RATES TOTAL COST
pa
NET RENT NET YIELD
4F F 230 11,960 2,277 912 3,189 8,771 Not for Sale Sep'tly
5C 225 ** 11,700 2,343 922 3,265 8,435 7.03%
{5F} 225 11,700 2,343 922 3,265 8,435 7.03%
{6D} 225 ** 11,700 2,430 922 3,352 8,348 6.96% 7.20%
{6E} F 240 12,480 2,430 922 3,352 9,128 7.61%
7E 225 ** 11,700 2,493 933 3,426 8,274 6.90%
8D 230 11,960 2,580 933 3,513 8,447 7.04%
8E 225 ** 11,700 2,580 933 3,513 8,187 6.82%
TOTAL 1,825 94,900 19,476 7,399 26,875 68,025
{5F,6D,6E} 
sold 
must be
together.
**To be
increased
from $220pw
960,000
Average
Rent
$ 228 TRUE NET RETURN: 7.09%


PROPERTY INFORMATION

Apartment C/T City Valuation at 1/7/08 Start Date of
Tenancy
4F 116B/888 105,000 5.12.09
5C 116B/893 110,000 19.11.09
5F } 116B/896 110,000 } } These 3 apartments have the 12.07.08
6D } 116B/902 110,000 } } same mortgagee and would 18.11.00
6E } 116B/903 110,000 } } need to be in the same sale/deal 20.11.09
7E 116B/911 115,000 27.01.03
8D 116B/918 115,000 2.04.08
8E 116B/919 115,000 26.10.08
[Freehold Unit Titles on DP 187710] 890,000

FEATURES
• Designed by Brent Hulena Built by Fletcher Construction
• Completed 1998
• All concrete construction
• Full security including video surveillance
• Full time building manager lives on site
• Full security including video surveillance
• Floor Areas: 21 .12m2 (incl balconies)
• Each Studio has a Storage locker in the basement
• Body Corporate Secretary: Body Corporate Administration: Paula Beaton – Ph 373 2336
• All apartments have been regularly refurbished and maintained
Photographs of each apartment are available
• INSPECTION BY APPOINTMENT ONLY – AND ONLY FOR SERIOUSLY INTERESTED BUYERS

WHY MERIDIAN?
• Quality design by a leading NZ architect – Brent Hulena
• Quality construction by NZ’s top building company: Fletchers
• Top location – high on the K’ Rd/Freemans Bay ridge, next to Ponsonby
• Fantastic views over the city and harbour – views that CANNOT be built out!
• Strong tenant demand year-in, year-out
• Priced at well below replacement cost [Construction Costs = $150,000 today + LandJ
• Unable to be duplicated under new Council rules