Offers Over $850,000

Investment opportunities like this have been proven to provide good rental returns matched with desirable capital growth. 295 Armagh Street is situated within the Four Avenues between Barbadoes Street and Fitzgerald Avenue. The location is prime as Christchurch City is really starting to come to life, as is central living. On offer is 2 x one bedroom units and 3 x two bedroom units with an approximate return of $66,560 per annum. This property comes with a twist as there could be potential to intensify the site by developing further units thanks to the high density city zoning. All of the units are currently tenanted with room to increase the current returns. Better still the units do provide a great opportunity to those who are looking to add value by way of improvements to increase the yield and overall value. All EQC work have been completed and signed off. Positioned on a freehold title spanning approximately 992sqm and is CERA zoned TC3. Please contact Adam Heazlewood or Sally Hargreaves for more information.
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