Sold Property

1-8/48 Bishop Street, St Albans, Canterbury 8014

  • 703
  • 8
  • 8
  • 10

$1,350,000

Cash Cow, Selling Now.

This is definitely better than money in the bank.

After many fruitful years of ownership my Southland based vendors are retiring from this high performing investment block.

On offer are 8 x 1 bedroom units on separate cross lease titles returning $99,840 pa from reliable established tenants. This block has been recently refurbished and offers ample off street parking.

The rental income ranges include six units paying $240pw, one paying $250pw and one at $230pw (after 23 years in occupation). Renting a large multiple of affordably priced units is a well proven and secure investment strategy. An opportunity like no other for anyone considering expanding their property portfolio.

A quiet and popular street in close proximity to Edgeware Village and the rapidly rejuvenating CBD ensuring solid demand from tenants into the future.

My vendors are resolute in their decision to sell and demand a sale on or before deadline day. All offers presented Tuesday the 2nd of July at 5pm (Unless sold prior).

Must be sold, call today! Property ID: #IM51937

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Sold Date

  • 02 July, 2019

Property features

  • Property Type: Block of units
  • Roof: Iron
  • Tenure: Crosslease (freehold)
  • Property condition: Good
  • House style: Character
  • Unit style: Number in block: 8, Number of levels: 2
  • Garaging / carparking: Single lock-up
  • Construction: Weatherboard and Block
  • Joinery: Aluminium
  • Insulation: Ceiling
  • Flooring: Carpet and Vinyl
  • Window coverings: Drapes, Net curtains
  • Kitchen: Standard, Separate oven and Finished in
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Main bathroom: Separate shower
  • Views: Urban, Private
  • Aspect: North
  • Outdoor living: Clothesline
  • Fencing: Fully fenced
  • Land contour: Flat
  • Grounds: Tidy
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to shops, Close to schools
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Office

Harcourts Ilam 2

Licensed under REAA 2008

Repayment Calculator

Est. bond $1920
  • 703
  • 8
  • 8
  • 10

Sold Property

1-8/48 Bishop Street, St Albans, Canterbury 8014

$1,350,000

Cash Cow, Selling Now.

This is definitely better than money in the bank.

After many fruitful years of ownership my Southland based vendors are retiring from this high performing investment block.

On offer are 8 x 1 bedroom units on separate cross lease titles returning $99,840 pa from reliable established tenants. This block has been recently refurbished and offers ample off street parking.

The rental income ranges include six units paying $240pw, one paying $250pw and one at $230pw (after 23 years in occupation). Renting a large multiple of affordably priced units is a well proven and secure investment strategy. An opportunity like no other for anyone considering expanding their property portfolio.

A quiet and popular street in close proximity to Edgeware Village and the rapidly rejuvenating CBD ensuring solid demand from tenants into the future.

My vendors are resolute in their decision to sell and demand a sale on or before deadline day. All offers presented Tuesday the 2nd of July at 5pm (Unless sold prior).

Must be sold, call today! Property ID: #IM51937

Property Features

  • Property Type: Block of units
  • Roof: Iron
  • Tenure: Crosslease (freehold)
  • Property condition: Good
  • House style: Character
  • Unit style: Number in block: 8, Number of levels: 2
  • Garaging / carparking: Single lock-up
  • Construction: Weatherboard and Block
  • Joinery: Aluminium
  • Insulation: Ceiling
  • Flooring: Carpet and Vinyl
  • Window coverings: Drapes, Net curtains
  • Kitchen: Standard, Separate oven and Finished in
  • Living area: Open plan
  • Main bedroom: Double and Built-in-robe
  • Main bathroom: Separate shower
  • Views: Urban, Private
  • Aspect: North
  • Outdoor living: Clothesline
  • Fencing: Fully fenced
  • Land contour: Flat
  • Grounds: Tidy
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to shops, Close to schools
Show More

Sold Date

  • 02 July, 2019
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Harcourts Ilam 2

Office Harcourts Ilam 2 Licensed under REAA 2008

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Need to sell before you Buy?

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