Multi-income student rental


101 Waimairi Road, Ilam

By Negotiation

Download Email
Multi-income student rental | 101 Waimairi Road, Ilam | 5516056 |      X Close
Image
Description

Multi-income student rental


Price by negotiation.

Please call for viewing times.

This property, located in a popular part of Ilam, comes to market with leases signed up for the next student year starting in December 2021.

On the large 875sqm section, sits 350sqm of floor area split across two dwellings. The houses have five bedrooms each with two tenancies currently in place and new leases signed up from December 2021 till December 2022. Currently, the rent is $725 for 101a and $760 for 101b. Next year the tenancy for 101a will go up to $780 per week, giving a total rental income of $1,540 per week.

101a - the property on the left has five bedrooms and an open plan kitchen/dining area. There are also three full bathrooms and a separate laundry.

101b - on the right is another five bedroom dwelling with two bathrooms, separate dining and lounge and a separate laundry. Both properties are currently being brought up to Healthy Homes standard and will be fully compliant upon settlement.

The houses sit less than 1km from the University and Bush Inn for a very convenient student life. At the rear of the property, there is also a shared yard which the current owner keeps tidy and the front has plenty of off-street parking, perfect for tenants. All of the EQC work, as per the Scope of Works has been completed.

Summary

- Two dwellings

- Five bedrooms each

- Multi-income

- Fully tenanted for 2022 student year

- 875sqm of TC1 Residential Suburban land

- Good off-street parking

- 350sqm total floor area

The ideal opportunity to own a student rental in the heart of Ilam, offering incomes from both dwellings and a great location that is never short on students.

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

https://propertyinvestmentchristchurch.co.nz/101-waimairi-road

Angela Webb

Christchurch

Licensed under the REA Act 2008

View profile

Cooper Stewart

Christchurch

Licensed under the REA Act 2008

View profile

101 Waimairi Road, Ilam

Open in map

Angela Webb

Christchurch

Licensed under the REA Act 2008

View profile

Cooper Stewart

Christchurch

Licensed under the REA Act 2008

View profile