Modern block of townhouses 6.5% return


442 A, B, C, D Armagh Street, Linwood

Asking Price NZD $1,560,000

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Modern block of townhouses 6.5% return | 442 A, B, C, D Armagh Street, Linwood | 556526 |      X Close
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Modern block of townhouses 6.5% return


Why buy an older block when you can have a strong return and comply with all the latest earthquake, building and rental standards. These four newly built townhouses are located within a prime location for rental income and potential capital growth as the inner city progressively develops. Could you develop this yourself for this price?

All the townhouses are four bedroom plus garage and are individually titled but our motivated owner is looking for a sale of all the units together.

The total rental income is just under $2,000 per week and over $100,000 per annum, allowing an investor to buy a smart looking, modern well designed complex with a good return.

They have been designed to maximise the rental income and attract young professionals who want to be close to the inner city as well as being low maintenance and easy care.

All units are fully tenanted with fixed term tenancies in place and are professionally managed by Superior Property Management Ltd.

The townhouses were completed early 2016 and are purpose built and designed as a long term hold by the current owner to give him a steady income stream. However a change in circumstances has forced a sale and he now is keen to see them sold, therefore allowing a smart investor to reap the rewards of his long term knowledge of the rental and investment market.

Angela Webb

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 349 1997
Office: +64 3 375 4700
angela.webb@bayleys.co.nz
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George Phillips

Christchurch

Licensed under the REA Act 2008

Mobile: +64 21 163 3838
Office: +64 3 375 4700
george.phillips@bayleys.co.nz
View profile

442 A, B, C, D Armagh Street, Linwood

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Angela Webb

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 349 1997
Office: +64 3 375 4700
angela.webb@bayleys.co.nz
View profile

George Phillips

Christchurch

Licensed under the REA Act 2008

Mobile: +64 21 163 3838
Office: +64 3 375 4700
george.phillips@bayleys.co.nz
View profile