16 Havelock Street, Phillipstown, Christchurch

Investment opportunity, high yield, double income

For Sale - $299,000

This investment property is sited on TC2 land and zoned Residential Medium Density with strong appeal to renovators or developers. The house was split into two flats many years ago, with an income of $210 and $270, giving a total income of $480 per week. The flats are configured with a one-bedroom flat at the rear and a two-bedroom flat at the front, both with private outdoor space. Both flats have heat pumps and have had the insulation upgraded for Healthy Homes.

The original scope of works was repaired by Fletchers, however, the house does have some historic subsidence which has been checked by an engineer and is completely liveable with the tenants who are keen to stay on.

On offer:

- House in two flats
- One x one bedroom and one x two bedrooms
- Fully tenanted
- Land area of 488sqm
- Residential Medium Density land (old L3)
- TC2 land zone
- Rental income of $480 per week

Engineer report, geotech report, EQC and Fletchers scopes and insurance certificates are available within the information pack.

Either buy and hold, land bank, develop or return to a family home the opportunities are endless.

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/16-havelock-street