Home for Sale, Gerehu, National Capital District, Papua New Guinea

This property consists of 14 rooms on the top floor and 8 rooms on ground floor totalling 22 units with common kitchen, laundry, shower/ toilet and dining area. Current landlord meets the cost of electricity, water, up-keep of the common areas, Hitron (only in the dining area) and security. Extras landlord provides are a bar-fridge and TV monitor in the 8 units downstairs only. Each unit on the top floor is fetching K200 per week while the units at the bottom are fetching K225 per week each. Property is fully tenanted with and annual income of K239,600.00. Vendor has just dropped the price from K1.8 million to K850,000.00.
Price: K850,000.00