Multi income plus RSDT land TC2


27 Isabella Place, Waltham

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Multi income plus RSDT land TC2 | 27 Isabella Place, Waltham | 5514813 |      X Close
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Multi income plus RSDT land TC2


Auction (unless sold prior)

10am, Thurs 15 Apr 2021

3 Deans Avenue, Chch

This house, converted into two flats, is sited on prime land and has a great holding income to keep you happy until it comes time to develop. The dwelling and tandem garage sit on 764sqm of TC2 Residential Suburban Density Transitional land, ripe for future development, located on a quiet cul-de-sac with a wide street frontage it would work well for a townhouse development now or in the future.

The front flat is a one-bedroom unit in reasonable original condition, while the rear flat has two bedrooms and a good size living space, the property is currently managed by The Good Girls Property Management and both tenants are keen to stay on.

Returning $465 per week across the two tenancies, with the two-bedroom at $270 per week and the one-bedroom at $195 per week, market rent for two-bedroom in this area ranges from $315 to $378 per week, and one-bedroom $220 to $289 per week, as per the tenancy services website.

Waltham is an easily tenantable location and this property would suit a developer, out of town buy and hold investor or a local investor looking for a dual-purpose property. This property has been fully repaired as per the scope of works and is currently fully insured by the vendors.

- One x two and one x one bedroom flats

- 764sqm of TC2

- Residential Suburban Density Transitional land

- Tandem garaging, currently used this for storage

- Fully repaired and insured

The vendors are looking to cash out, passing on this great investment opportunity. Securing this great piece of land just makes sense!

27 Isabella Place, Waltham

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