The on-sales have started with this project, one of the first investment blocks to be rebuilt in Christchurch, and only months away from opening.
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All the other apartments have sold in this block but here is your opportunity to grab one of the last couple remaining!
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This development features:
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43 apartments that all have a 1 bedroom and studio to rent on each Stratum Freehold title. There is also a built in cafe for tenants and owners convienience and centrally located within walking distance of the City Centre. This area is undergoing massive gentrification as part of the Christchurch Rebuild.
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The Figures:
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Purchase price $449,000
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Completion date: November/December 2015
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Gross yield: 7.5 - 8%
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Rental Assessments (all furnished):
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2br $660-$680/wk,
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1 br $400-$430/wk,
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Master-room $290-$310/wk
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Why Christchurch, why now?
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Local and national governments are actively managing a revival plan based around the central area of the city. The living and working population in the Four Avenues of Christchurch (Moorhouse Avenue, Fitzgerald Avenue, Bealey Avenue and Hagley Avenue) are crucial to these initiatives.
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There has only been a few on-sales in this building, the best at $475,000 and that's without furniture. This investment purchase includes a new furniture pack (think of the chattel depreciation investors!) and has one of the sunniest aspects in the whole complex.
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To find out why we think this is one of the most exciting opportunities around, contact us at mark@propertyventures.co.nz