The chances of buying 6 very tidy units in a block of 8 with good fixed term tenants who keep their dwellings like little palaces are few and far between but here is sparkling opportunity to invest, sit back and let the rents roll in.
As a good servant to our owners over the past few years with good occupancy rates within a nice atmosphere of community what more could any landlord hope for?
Set in the well located and ever popular city fringe of Phillipstown with the bustle of rebuild activity nearby as well as a realm of good employment infrastructure the entry level rents ranging from $280 to $295 per week (total $1710 per week or $88,900 p.a.) have proved strong attraction to steady quality tenants; equally the fact these homes are set at a rateable value of $225,000 each ($1,350,000 for 6) should prove just as strong attraction to rental investors.
Do the maths and you will see the rate of return is attractive on present day standards and made even more so by new lows in the lending scene.
With time now called to move on the owners have instructed us to identify new interests keen to either enter the market or add to their existing portfolios.
Chances like this come up only once in a blue moon so all haste to secure is encouraged. A full information pack is available. You choose, available in sales of 2 Units, 4 Units or 6 Units.
** Because of privacy & security restrictions these photos are for guideline purposes of the design & layout & were taken when the subject flat was vacant.
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.
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