Unique Investment With Immediate Return

This 15-bedroom property is constructed of permanent materials and is well set-up to operate as a very functional boarding house: 21 current tenants ensure an immediate income stream and it comes fully furnished. Located in close proximity to transport links, including bus services and arterial roads, it is just six minutes' drive to supermarkets, shops and food outlets at Bush Inn.

A huge communal lounge is large enough to include a TV area (with comfy reclining chairs), dining space and sitting areas, with an adjoining office alcove. The updated kitchen can handle multiple cooks, with two ovens, two sinks and several fridges. Five double bedrooms and 10 single bedrooms share four bathrooms, and the 1,014 section accommodates off-street parking for eight to 10 cars, while still leaving room for a grassed area and outdoor living at the rear.

Opportunities like this don't come along often. Don't miss this one. Contact the agent today.

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Main Property Features

Listing Number: PI49579

Land Size:
1014 sqm
Property Type:
House, Home & income
Property Features:
Other (Alarm(x5))
Roof:
Longrun
Tenure:
Freehold
Approx year built:
1970
House style:
Bungalow
Garaging / carparking:
Garage for Storage Only, Auto doors
Construction:
Brick veneer and Fiber Board
Joinery:
Aluminium
Flooring:
Carpet, Vinyl and Tiles
Heating / Cooling:
Heat pump
Chattels remaining:
Fixed floor coverings, Light fittings, Stove, Curtains
Kitchen:
Modern, Rangehood and Finished in Laminate
Living area:
Open plan
Laundry:
Separate
Views:
Urban
Aspect:
North
Fencing:
Partial
Land contour:
Flat
Grounds:
Tidy
Water heating:
Gas, Electric
Water supply:
Town supply
Sewerage:
Mains
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Harcourts Papanui

Gold Real Estate Group Ltd

Licensed REAA 2008

471 Papanui Road
Papanui
Christchurch
Office website or View office details

Property Location