Multi income 7% return

1 and 2/65 Barbour Street, Waltham

Private Treaty

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Multi income 7% return | 1 and 2/65 Barbour Street, Waltham | 5514118 |      X Close

Multi income 7% return

Deadline Sale (unless sold prior)

1pm, Fri 29 Jan 2021

3 Deans Avenue, Christchurch

This property has a great return in an area popular with tenants due to its proximity to the city and ease of access to public transport. The orbiter and purple bus lines are both a minutes' walk away.

With 14 bedrooms and 14 bathrooms, across the two dwellings, the vendors have enjoyed the cash flow from this property for many years.

The land is zoned residential medium density, with a total land area of 541sqm split over the two titles, with plenty of off-street parks for tenants.

In summary

- Seven double bedrooms all with ensuites

- A minutes' walk to main bus routes

- Set back from the road for tenants' privacy

- Two-minute drive to the city centre

- Rental income of $1,900 per week

- Two year lease

- One tenancy per house

In the current market there is a real benefit in getting your money into property and with a 7% gross returns and low mortgage rates it will be providing cashflow from day one.

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1 and 2/65 Barbour Street, Waltham

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