5A Paeroa Street, Riccarton, Christchurch

A proven student investment

This purpose-built rental is situated minutes from the University and handy to Riccarton shops and food outlets. Set on an easy-care, compact 345sqm section with six bedrooms, two bathrooms and sizeable central living and kitchen. This property is the front one of two built of brick in 2009 with double glazing and the land is TC2, zoned residential suburban density transition.

In summary;
• Six bedroom, two bathroom student rental
• Bedrooms have wall mounted TVs, flat panel heater plus a heated towel rail
• One 345sqm freehold title
• Completely double glazed, french doors from living area, heat pump
• Also comes with dishwasher, stove, a fridge, washing machine and dryer, a wall mounted television in the living room plus a garden shed
• One tenancy (six signatures) through to 31 January 2021
• Rental income $898.00 per week
• Options to sign a new tenancy for 2021 or negotiate with existing tenants (some of who would like to stay on)

5a Paeroa Street is an ideal bottom drawer investment to add to your portfolio or a practical first student rental for those looking to get into this investment sector.

Viewing by appointment only.

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