Risk free long term investment
902 Sylvan Road, Hastings
About the propertyLand Area: 0.16 ha
•New 20 year lease + five + five
•Iconic Hawke's Bay corporate tenant
•Superbly constructed with low maintenance
•$200,000pa + GST net rent
•Join the Bay's sunshine economy
This property provides highly sought after accommodation for the prized RSE workers employed by one of Hawke's Bay's leading horticulture / agricultural businesses. Providing 70 bed plus capacity, the property has been built to the highest specifications with very low maintenance materials and concrete hard stand yard. All units (both first and ground) have balcony or verandah.
The lease provides initial 20 year term plus renewals with all outgoings paid by the tenant including rates, insurance and internal and external maintenance. Fully consented by all regulatory authorities.