Passive investment opportunity


17 and 19 Suffolk Street, Phillipstown

Offers/Enquiries Over NZD $1,950,000

Download Email
Passive investment opportunity | 17 and 19 Suffolk Street, Phillipstown | 5514838 |      X Close
Image
Description

Passive investment opportunity


Passive investment opportunity with a cash flow of over 8% return.

Three five-bedroom homes offering a magnificent money-making package near the fringe of the inner-city. Three dwellings - the rear two share a title and were built in 2015, fully insulated with double glazed aluminium joinery. The front dwelling was renovated.

There are 15 ensuite rooms in total, 15 on-site car parks, three gas hot water heaters for uninterrupted use, and unlimited fibre internet connections to each dwelling.

Situated near local cafes and numerous amenities at Eastgate Mall, it's also only five minutes from the centre of the city to deliver an effortless lifestyle.

Purchasers seeking excellent returns and a large-scale addition to their portfolio will instantly be drawn to this uniquely appealing investment. Contact me for more information.

Property summary

•Fifteen double bedrooms, all with ensuites

•All ensuites with shower, vanity, toilet, extractor

•Fifteen off-street parks

•Rental income of over $3,000 per week

•Easy access to public transport

•Three-minute drive to Eastgate Shopping Centre

•Eight-minute drive to the City Centre

•Power metres for each bedroom (tenants pay for power used)

Please copy and paste this website address into your internet browser to download the property file:

https://www.propertyfiles.co.nz/property/5514838

Tracy Chen

Christchurch

Licensed under the REA Act 2008

View profile

17 and 19 Suffolk Street, Phillipstown

Open in map

Tracy Chen

Christchurch

Licensed under the REA Act 2008

View profile