35/31 Poulson Street, Addington, Christchurch

Five studio rooms with ensuites, 6.4% net returns

Returning $985 p.w. and increasing to $1,030 p.w. (6.84% net returns) in amazing Addington, this investment opportunity is one not to be missed. Unit 35 of 31 Poulson Street is certainly most desirable, facing privately north, sheltered and sunny, with pleasant outlooks. Hidden from the south sides designated two carparks, a north-facing patio area is a pot-planters paradise, overlooked by a flowering magnolia. And in the heart of a suburb which has experienced rental increases of 33.3% in the past twelve months, this suburban development is set to fly.

Three sets of sliders flow off bedrooms and living to respective outdoor spaces. Built of modern tilt-slab construction, surpassing modern healthy homes standards, and hosting five double studio-style bedrooms with extensive chattels including wall-mounted tvs and minifridges, these are easily let and popular with students and workers alike. The common living areas also hosts dining and kitchen facilities, including a full fridge-freezer and plenty of storage. This communal living overlooks the same private vista, private and sheltered from neighboring units.

Onsite property management is optional, but it seems to have ensured plenty of enquiries and a good standard of tenants.

In great condition, there's new LG whiteware (new washing machine + new condenser-dryer), and the Body Corporate takes care of all outside maintenance including rubbish collection, exterior maintenance, CCTV, carparks, gardens, insurance and common tenancy concerns.

A solid earner, close to Addington's main shopping and an easy commute so central... be in touch today to avoid missing out on this golden opportunity.

A full information pack is available upon email request, which contains body corp. and tenancy information. Basic title, sale and purchase agreement and EQC file information (settled and repaired) is available by downloading the property files at http://www.propertyfiles.co.nz/property/5517376