88 Creyke Road, Ilam, Christchurch

Price reduced - Student Investment

For Sale - Price by Negotiation

With the other three houses under offer in this sub-division, the vendor is now keen to sell his last investment in this brilliant location. Situated in prime position, close to the University of Canterbury this modern six-bedroom purpose-built student rental is bringing in a great income and has tenants signed up till January 2021, available at a gross 7% return with cashflow already in place till early 2021.

The house is split over two levels with three bedrooms, two being shared rooms, two bathrooms and a living space on each level. The main kitchen is located on the ground floor and a kitchenette on the first floor. Built-in 2016 by an investor with vast experience in student rentals it has been well planned to attract students and maximise income. Currently rented at $1,500 per week with new tenants signed for the 2020 year till January 2021.

Plenty of car parking is provided on-site on an easy-care section requiring minimal attention.
Residential Suburban Density Transition zone, TC2 land and new 327sqm (approx) freehold title being formed, the property will also be fully fenced to the new boundary lines upon settlement.

With a $1,500 per week income it has to be an easy decision to add this to your portfolio.

Please note that the land area is subject to the final survey being completed and title issued.

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.

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http://propertyinvestmentchristchurch.co.nz/5510859