3/26 Stanmore Road, Linwood, Christchurch

Auction brought forward - HNZ leased investment

Auction (unless sold prior)
12pm, Thurs 26 Nov 2020
3 Deans Avenue, Christchurch

Sitting on the city fringe, this single bedroom apartment is the dream for investors that want guaranteed income. Sitting within a block of four, the apartment is ideal for new and experienced investors alike. The property has a Housing New Zealand lease in place expiring in July 2023 and gives great value to the property as an investment for investors outside of Christchurch. The likelihood of the lease being renewed is strong. Beyond the lease expiring, the apartment has great rental appeal for its location and privacy. Situated on the edge of the booming inner city the opportunity for capital growth is strong with the affordable investment. Having been built in the 2000s it has the added benefits of low maintenance and modern construction.

Key points

- HNZ lease expiring July 2023
- Returns $16,120 annually
- 2% rental increase per annum
- Next rental increase July 2021
- City fringe location
- Quiet and private living

Housing New Zealand returns the property to you at the end of the lease in the same condition as the current vendor received it in. There are no management fees, a lot of the interior maintenance costs are covered by HNZ and there is also a 2% increase in rent annually to align with projected inflation. This combination of parameters makes for the ideal investment for the hands-off investor.

With predicted inflation so low, this property is sure to impress.

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

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

To download the information pack copy and paste the below link into a new browser:
https://propertyinvestmentchristchurch.co.nz/3-26-stanmore-road