'As is where is' - dual income


265 Cranford Street, St Albans

By Negotiation

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'As is where is' - dual income | 265 Cranford Street, St Albans | 5515923 |      X Close
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Description

'As is where is' - dual income


Price by negotiation

Phone for viewing times.

This property has produced income for the current owners for over 10 years, even with damage after the earthquakes the property still functioned as a cash flow investment. Now that the owners have settled their insurance claim and are moving to a new stage in their lives, they are ready to move this property on in an 'as is where is' condition.

The interior has had cosmetic improvements with a new kitchen and bathroom being installed in the front house in 2016. The back flat is in tidy condition. The releveling works have never been completed, the vendors have taken a cash settlement from EQC and will sell 'as is where is'. An engineers report is available to review the damage.

Currently rented on two separate tenancies with a combined rental income of $715 per week to long term tenants. The front house is rented at $415 per week and the back flat achieving $300 per week. Market rent in the area for three-bedroom houses is $470 to $573pw and one-bedroom flats $256 to $325 per week (source: Tenancy Services market rent).

The total land area is 617sqm and is zoned TC2, Residential Suburban land. Situated in the very popular family home suburb of St Albans and on a main thoroughfare to the central city, making it a popular choice for tenants.

Summary

- 'As is where is'

- Fully tenanted

- Three-bedroom home with one-bedroom flat

- 617sqm land, TC2

- Double garage

- Off-street parking

After holding this property for over 10 years and enjoying the cash flow it has produced the vendors are ready to move this property onto another investor who wants to take on its future gains.

To download the information pack copy and paste the below link into a new browser:

https://propertyinvestmentchristchurch.co.nz/265-cranford-street

Angela Webb

Christchurch

Licensed under the REA Act 2008

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Cooper Stewart

Christchurch

Licensed under the REA Act 2008

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265 Cranford Street, St Albans

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Angela Webb

Christchurch

Licensed under the REA Act 2008

View profile

Cooper Stewart

Christchurch

Licensed under the REA Act 2008

View profile