ANOTHER WANTED! Please feel free to phone Pip anytime for a complimentary appraisal.
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13 bedrooms rented at $1,650 per week = $85,800 p.a. (52 week basis) 8% p.a. return on asking price.
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Unique opportunity to purchase 2 adjoining properties, with 4 dwellings over 2 titles totalling 1138m2 of L2 land (SAM).
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1/27 Tika Street - 5 double bedroom house built 1940-49, with 2 additional rooms added in 1976. 2 storey with kitchen, living room, laundry, separate toilet and 1 double bedroom downstairs. Upstairs 4 double bedrooms and bathroom with toilet. Outside patio area and single garage plus off street parking.
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2/27 Tika Street - 3 double bedroom house built 1975-79, 2 storey with kitchen, living room, bathroom, laundry with toilet and 2 double bedrooms downstairs. Upstairs has 1 double bedroom. Outside is patio and garden area, plus a double carport and off street parking.
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3/27 Tika Street - 1 double bedroom studio built in 2005, 2 storey with open plan kitchen/ living room, bathroom/ toilet downstairs. Upstairs has 1 double bedroom. Outside patio area and carport with off street parking.
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29 Tika Street - 4 double bedroom house built 1940-49, 2 storey with kitchen, living room, laundry, separate toilet and 1 double bedroom downstairs. Upstairs has 3 double bedrooms and bathroom with toilet. Outside patio area and single garage with off street parking.
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Each property has a centrally located heat pump
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Current tenancies as follows: 1/27 $590 pw til 06/02/15 2/27 $360 pw til 24/01/15 3/27 $230 pw til 15/11/15 29 $470 pw til 30/01/15 Total rental of $1,650 per week = $85,800 pa.
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These properties have been rented out in this manner since early 1990 and been very successful with very low vacancies. A mixture of students and mature single tenants currently occupy these houses. Some have been long term tenants for over 7 years.
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Well cared for and sunny. Located within reasonable distance to Westfield Mall, Canterbury University, Kirkwood Intermediate, Ilam and Christchurch Boy's High Schools, Wharenui pool fitness complex and Bush Inn shopping Mall.
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Great investment for any investor to add to their portfolio.
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UK investor not returning to NZ, must be sold! Act Quickly! Phone Pip today to arrange an appointment to view.