Fully tenanted 8.1% return

11A George Street, Riccarton

By Negotiation

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Fully tenanted 8.1% return | 11A George Street, Riccarton | 557798 |      X Close

Fully tenanted 8.1% return

Price by Negotiation

This six bedroom investment is superbly positioned on the quiet George Street, only five minutes walk to Riccarton Mall, 1km to tower junction,1.5km from University of Canterbury and positioned approximately half way between the main thoroughfare of Riccarton Road and Blenheim Road.

The rental market is in full swing for next year, buy now and hand pick your tenants for the next lease, current fully tenanted to one group on a year lease at $780 per week till 31st January 2019.

This student rental features six bedrooms, open plan kitchen dining and living area, two toilets, one bathroom a double garage and is located on a 225sqm low maintenance freehold title. Built in the 1990s it features aluminium joinery a large heat pump and insulation.

Fact and Figures:

- Freehold title

- 154sqm floor area

- Six bedrooms

- Two toilets

- One bathroom

- Double garage

- Leased till Feb 2019 at $780 per week

- TC2

The vendor has too many commitments and wants this property sold. Properties like this don't come to the market every day so call us now for further information.

Please contact Angela Webb for more information or to arrange a viewing.

Find out more about us at www.propertyinvestmentchristchurch.co.nz.

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11A George Street, Riccarton

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