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Forget the Oscars, this block of 8 x two-bedroom flats is the real deal when it comes to star performances.
Lucrative - fully occupied and currently returning a rent roll of $2,910 per week ($151,320 per annum), this represents a brilliant nest egg. All units meet Healthy Homes Standard regulations and are professionally managed, so you can "set and forget". Several of the flats are furnished, so you may wish to explore this option further and increase your revenue.
Location - Just outside the Four Aves and strolling distance to Hagley Park, the block's proximity to Victoria St and the CBD means it will always be in demand.
Land - and let's not forget the underlying value presented by 1,077m2 of freehold Residential Medium Density (RMD) zoned land. Enjoy the cash flow, while knowing that your wealth is further underpinned by the long-term options this freehold parcel offers.
Our sellers are 100% serious in their intent, so we suggest you act quickly, lest another savvy investor snaps this block up before the scheduled auction date.
Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Christchurch City Council/ CERA and we have not been able to verify the accuracy of the same.
$2,000,000 47 Winchester Street, Merivale - Christchurch City
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