For 25 years, this grand property has served the owners well and in return they have maintained and renovated some areas over time to bring it up to the modern requirements of todays' tenants.

The nine separate one and two-bedroom flats and separate storage shed are rented to a mixture of long term residents for a total of $1,905 per week (8.8% gross return), but excitingly, further rental gains can be made with targeted renovations.

The flats are a mixture of modernised and older spaces. The modernised flats have a contemporary feel that tenants love and the older flats offer a fantastic add-value proposition for the new owner to derive further rental income. The exterior and wiring has been well maintained for you and insulation has been added to meet the new compliance requirements. We highly recommend investigating this cash flow opportunity.

* 6 x 1-bed & 3 x 2-bed flats
* Rental income of $1,905 per week
* Further rental gains can be made with targeted renovation

For a full Information Memorandum and additional property documentation, please go to www.colliers.co.nz/148632 and download from our "Secure Document" button to the right.

Viewings are by appointment only with the Broker.

Other investment options at www.colliers.co.nz/student-investment