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La Residence du Lac Queenstown Apartments

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Top Reasons to buy this Property

  • 7.12% Yield Guaranteed For 2 Years
  • Below Valuation Pricing
  • Significant Rental Demand (100% occupancy)
  • Prime Location
  • Affordable Entry to NZ Property Market
  • High Quality Chattels and Furniture Package Included

The Grove offers 46 immaculately presented two-bedroom townhouses for individual sale. Set in beautifully landscaped, parklike grounds, The Grove is positioned around a central olive grove, from which it draws its name. The townhouses have been laid out in such a way that each enjoys maximum privacy in a quiet, relaxing village-type environment.

Each high quality 80m2 townhouse is built to the most exacting standards, comes complete with a comprehensive furniture and chattels package to the value of $30,000 and offers car parking for two, including a single internal access garage.

Each of The Grove’s townhouses comes complete with a fabulous furniture and chattels package to the value of $30,000.

This package includes:

  • Fridge, oven, dishwasher, waste disposal and microwave

  • Living room sofa, dining table and chairs

  • Wall-mounted flat-screen TV

  • Two double beds

  • Laundry tub, washing machine and clothes dryer

All furniture and appliances are top quality and have been carefully chosen by an interior designer to complement the look and feel of each townhouse.

The Grove offers an excellent opportunity for the astute investor to receive a strong return over an extended period of time.

The market rental level for these two-bedroom townhouses is currently at $410 per week and tenant demand looks set to remain high, with Hamilton currently one of New Zealand’s fastest growing cities.

If significant demand continues, rental rates are expected to increase.

The townhouses are also expected to show good capital growth over time due to both their high quality construction and their prime location.

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