Savvy Investor - This is for You!

SOLD - This listing was sold in June 2019
My owners purchased these units some five years ago and have since completed a full renovation. This block of 4 single level 2 bedroom units have been relined, insulated, painted, updated kitchens and bathrooms, and new carpet and vinyl. The gardens have been landscaped with new paths and driveway and more importantly all have been re clad with a modern brick. Heat pumps have been installed to attract the best tenants. These really do represent a wise investment for the astute investor. The convenient location with close proximity to our new City means they will always be easy to let. All four units are on separate titles. Current Return on Investment is 6%, current rental is $1218 per week. This is double your current bank return at 3% and you have the upside of a capital gain!

To download more information on this property, copy and paste the following link into your web browser: http://www.propertyfiles.co.nz/property/MVE6230

Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.

Read More Read Less

Main Property Features

Listing Number: MVE6230

Approx Floor Area:
240 sqm
Property Type:
Unit, Block of units
Property Features:
Smoke alarms, Other (Heated Towel Rails)
Roof:
Longrun
Tenure:
Crosslease (fee simple)
Approx year built:
1979
Property condition:
Renovated
House style:
Other (Units)
Garaging / carparking:
Open carport
Construction:
Brick
Joinery:
Timber, Aluminium
Insulation:
Walls, Floor, Ceiling
Flooring:
Carpet and Vinyl
Window coverings:
Blinds
Heating / Cooling:
Heat pump
Electrical:
Rewired (Partially rewired)
Chattels remaining:
Blinds, Fixed floor coverings, Drapes, Separate oven x 4, Separate cooktop x 4, Rangehood x 4, Heatpump x 4, Bathroom extraction fan x 4, Clothesline x 2
Kitchen:
Modern, Open plan, Separate cooktop, Separate oven, Extractor fan, Breakfast bar, Pantry and Finished in Laminate
Living area:
Open plan
Main bedroom:
Double
Bedroom 2:
Double and Built-in / wardrobe
Main bathroom:
Separate shower
Laundry:
In kitchen
Views:
City, Urban
Aspect:
North
Outdoor living:
Clothes line, Garden
Fencing:
Partial
Land contour:
Flat
Grounds:
Landscaped / designer
Garden:
Garden shed (Number of sheds: 2)
Water heating:
Electric
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to schools, Close to shops, Close to transport
Read More Read Less

Your enquiry has been sent. Thank you.

Harcourts Merivale

Holmwood Real Estate Ltd

Licensed REAA 2008

175 Papanui Road
Merivale
Christchurch
Office website or View office details

Property Location