This purpose built apartment block of 4 flats have been refurbished to a high standard and are returning an 8.25% gross return. These types of properties are seldom available, as each apartment is on a separate unit title. You purchase as one and then sell off individually if you choose.
Situated in a popular locality of Timaru and just a short stroll to the bay, cafes and shops makes this a prime investment. Each has 2 double bedrooms, modern updated kitchen flowing through French doors into the lounge. Garaging is available for 2 flats and off-street parking for the others.
If you are looking for an extraordinary investment, then make an appointment to view.