5/26 Stanmore Road, Phillipstown, Christchurch

Guaranteed rental income

SOLD UNDER THE HAMMER

Not many investment properties have such attractive characteristics. This property has a Kainga Ora (previously Housing New Zealand) lease in place returning $16,440 per annum. The lease expires in July 2025 with built-in annual rent reviews.

Sitting on the city fringe, so close to the CBD and all it has to offer, this property is a prime example of a modern building that will keep up with its growing city. Located at the end of a terrace of townhouses providing additional privacy and outdoor space for the tenant.

With modern construction materials, this low-maintenance property along with maintenance obligations from Kainga Ora, allows investors to keep running costs low.

•Kainga Ora (previously HNZ) lease expiring July 2025
•Annual rent reviews
•Next rental review July 2022
•City fringe location
•Quiet and private living

Kainga Ora returns the property to you at the end of the lease in the same condition as it was when they started the lease. With a lot of the interior maintenance covered by Kainga Ora, this unit is not one to miss.

This property is the ideal hands-off investment for any investor, who is looking for consistency in rents, annual rent reviews and the opportunity to own a property in a fast-growing city.