4 and 5/471 Cashel Street, Linwood, Christchurch

Dual income

For Sale - Price by Negotiation

Two x two-bedroom townhouses tenanted at $290 and $315 per week on fixed-term tenancies. Both are 70sqm of floor area, solid 1970s build, private outdoor space and potential to upgrade and add value.

The townhouses have two good sized bedrooms upstairs with a bathroom and separate toilet, the living and kitchen area downstairs which lead to large private courtyards. The potential is in the opportunity to refurbish the townhouses with new kitchens, bathrooms and decor giving them a modern apartment feel, allowing you to reap the rewards of the potentially increased rentals and equity.

Market rental for the area for two bedrooms flats ranges from $280 to $320 per week and apartments $310 to $350 per week (sourced from tenancy services website).

Sited on TC2, medium density land with a crossed leased titles with a share in 947sqm of land and a rateable valuation of $215,000.

The vendor is happy to sell both together or independently and looks forward to seeing an investor making gains with the potential these properties have.

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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