Location and cash flow


86 and 88 Creyke Road, Ilam

By Negotiation

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Location and cash flow | 86 and 88 Creyke Road, Ilam | 5510453 |      X Close
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Location and cash flow


For Sale - Price by Negotiation

If location and cash flow are top of your list then this property is a winner.

Located just up the road from the University of Canterbury, it would be hard to get any closer and with an income of over $212,000 per annum, it really would provide for your retirement nicely.

The property consists of two titles and four houses in total, with a mixture of pre and post-quake builds. No this is not a room by room, there are only four tenancies so one for each house. All tenancies are fixed term for one year, ending early January 2020. New leases are now in place taking tenancies through to January 2021.

All houses are upgraded with insulation and heating done.

No. 86

- Front house

- Older weatherboard house

- Six bedrooms

- Rental $900 per week

- Back house

- Post-quake build

- Six bedrooms

- Rental $945 per week

No. 88

- Front house

- Post-quake build

- 10 Bedrooms

- Rental $1,500 per week

- Back house

- Older red brick house

- Five bedrooms

- Rental $750 per week

The vendor is relocating north and selling off his portfolio, this is on the market for genuine sale, ensure to enquire today as properties that have location and such good cashflow don't come up very often.

Please note: The websites we advertise on have a limit of 24 bedrooms, this property has 27 bedrooms in total.

Please contact Angela Webb or Kate Mullins for more information or to arrange a viewing.

Find out more about us at www.propertyinvestmentchristchurch.co.nz.

To download the information pack copy and paste the below link into a new browser:

http://propertyinvestmentchristchurch.co.nz/5510453-2/

86 and 88 Creyke Road, Ilam

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