With only a handful of purpose built investment flats ever built in the area, this is the first time in years that one has been available.


Extensively upgraded, all units fitted with heat pumps, and carefully landscaped for low maintenance, this block consists of two generous one bedroom units downstairs with individual laundries and two good sized two bedroom units upstairs. Each has its own private courtyard.


Beautifully presented, this block is situated in a stunning tree-lined street only a stone’s throw from Rangiora’s main street and only two blocks from the town centre.


With an ever increasing population and desirability due to the recent earthquakes, Rangiora is growing in leaps and bounds, with extensive re-build and repair work being required in the commercial and surrounding areas. With the growing employment opportunities, demand for affordable rental accommodation is high.



The present tenants on fixed tenancies and presently returning $48,256pa, with rental increases over the next 2 months the return will increase to $52,520pa, showing a 8% return.



Don’t be disappointed!



NB: Any reference to rental yield or annual return is done on a 52 week basis.