4 x 2 Bedroom Units on 948m2 of RMD
Don't miss your opportunity to purchase this block of 4 x 2 bedroom units on one title. Situated on 948m2 of prime RMD, TC2 land.
Built in the 1960's this block is well maintained. Permanent material summerhill stone, iron roof and a mixture of single glazed aluminium windows and timber joinery.
Each unit has two large double bedrooms with built in wardrobes. Tidy kitchen with room for dining table and laundry facilities. Spacious living area with heat pump. Bathroom with shower over bath, vanity and toilet. Unit 3 has been upgraded with modern kitchen installed with front load washing machine, tiled floors and good carpet throughout. Each unit has their own private trellis patio area out front.
• 4 x 2 bedrooms flats on one title
• 948m2 of RMD, TC2 land
• Floor area of 300m2 + garages approx. 353m2
• Single glazed aluminium windows and timber joinery
• Three single garages and off-street parking
• Good holding income
• Great location close to the CBD.
Good long-term tenants in place. Currently rented at $300.00, $310.00, $350.00 & $310.00 per week. Total weekly rental of $1,270.00 per week = $66,040.00 per annum.
Zoned RMD, TC2 on 948m2 of land, great land bank for future redevelopment. There are three single garages at rear of property and off-street parking.
Prime location on the edge of the City East in Linwood, this property is both handy to the Central City, Eastgate and Stanmore Village shops and public transport. Close to Polytechnic and walking distance to Aqua gym Swimming Pool, and Te Pou Toetoe and Linwood Park close by. Zoned for Hagley College and Christchurch East School.
This block is a no brainer for savvy investors looking for low maintenance investment block in a top rental location.
Don't delay at this property will not last long.