105 Waimairi Road, Ilam, Christchurch

A proven investment

With six bedrooms in total and a rental income of $970 per week, this has to be a great opportunity for an investor. Situated on a practicable 485sqm section, zoned TC1 and close to the University, this property is a proven six-bedroom student rental, with modern kitchen including dishwasher, two bathrooms, one being an ensuite with the master bedroom. Positioned well for the sun, the living space is heated by a heat pump and the house has full insulation which complies with the new healthy home standard. The garaging is double and has internal access.

With tenants in place till January 2021 in a fixed-term tenancy paying $970 per week and with the University's own College House Halls of Residence and Ilam Fields situated across the road is an ideal spot for a continued supply of tenants and an easy decision as an investment.

The property is professionally managed by A1 property management who would be keen to continue their service to the new owner.

Summary
- Six bedrooms
- Two bathrooms
- Insulation to compliant with Healthy home standard
- TC1 land
- Fully insured
- Rental $970 per week till 27/01/2021

Take advantage of this already set up investment property superbly located for tenants and great cash flow.

Please note, this property is on one standard tenancy agreement, it is NOT a room by room rental.

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