City investment - price reduced

58B Ely Street, City

Asking Price NZD $895,000

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City investment - price reduced | 58B Ely Street, City | 5512541 |      X Close

City investment - price reduced

For Sale - $895,000

Located in a quiet street within the inner city of Christchurch this post-quake build has been designed to accommodate young professionals. This tenure confirms guaranteed returns for an investment, in an area set for growth.

Tenancy - fixed term until June 2022

Return - 6.8%

Rent - $1,165

Price - $895,000

The house is standalone on a freehold title, with five bedrooms sporting ensuites, while one has easy access to the guest bathroom. A single garage and a functional but compact living space with good indoor-outdoor flow. It is an easy care, lock-and-leave city pad, with fenced, secure courtyard and no lawns to mow.

Inner-city revival is well underway, making it a great time to purchase an investment before you are priced out of the market. This post-quake build has been designed by an investor for investors with cashflow and rentability at the forefront of design.

With its modern design and prime position (close to Hagley Park and well within the four avenues), it offers an ideal environment for those wanting a quiet home close to all amenities.

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58B Ely Street, City

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