1-4/262 Stanmore Road, Richmond, Christchurch

Secure renovated returns

Deadline Sale (unless sold prior)
1pm, Thurs 27 Aug 2020
3 Deans Avenue, Christchurch

This property boasts four apartment-style units, within two, two-storey separate blocks, they have undergone major renovations, with updated kitchens and bathrooms, open plan living and modernised finishing's. Each flat also has a heat pump and ventilation system installed, for comfort and money-saving in the colder winter months.

The tenants enjoy the use of their own private, fully fenced courtyards. Added security is bought to the complex by the electronic gate, each apartment has a carport and off-street parking space. The section, at 632sqm is large, while also being zoned residential medium density to give extra value in the freehold land as well as titles for each individual apartment. The blocks sit on TC3 land.

Summary

- Rental income of $1,310 per week
- Four x two bedrooms
- Corner of city
- Situated near a supermarket, shops, and public transport
- Four separate titles
- Tenanted on fix term tenancies
- Professionally managed by Bayleys Property Management

Situated in the heart of the Stanmore Road shops and a minutes' walk from the local supermarket, these flats have great rental appeal. Tenants have a great attraction to the location, close to the cities edge.

Vendors are set to sell and are keen to move this property on swiftly and it would make a great addition to an existing portfolio or from an investor starting out.

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

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

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https://propertyinvestmentchristchurch.co.nz/1-4-262-stanmore-road