5 bedrooms
5 living rooms
5 bathrooms
3 car parks
Investment | Five one-bedroom flats on one title |
Land Area | 1,117sqm TC2 designated land |
Location | Centrally located on main bus route |
Conveniently located two blocks from the Linwood Village and minutes from the regenerating inner city, on a 1,117sqm section is this block of five one-bedroom flats. The original house was converted into two flats many years ago, with three further purpose-built flats added to the rear of the section. Fully rented this block returns $1,320 per week, with a gross income of $68,640 per annum.
This block boarders the Fitzgerald Retirement Village and is near to Beverley Park with bus stops nearby on Stanmore Road. There is garaging for three units and a carport, as well as outdoor living provided for all the dwellings. The land is zoned Technical Category Two (TC2) with a development zoning Residential Medium Density Zoned land (old L3) making this a sensible land bank option.
Summary of facts and figures:
- Five units
- One freehold title
- Flat 1 $250, Flat 2 $270, Flat 3 $280, Flat 4 $260, Flat 5 $260 per week
- House converted into two flats
- Block of three x one bedroom units
- 1,117sqm
- Technical Category Two TC2
- Residential Medium Density Zoned land (old L3)
- Weekly rental $1,320
- Gross income $68,640pa
With the current ownership spanning 24 years this property has been a great cashflow investment for the owner, who is now ready for a re shuffle and downsize as retirement approaches.
Please contact Angela Webb or Kate Mullins for more information or to arrange a viewing.
Find out more about us at www.propertyinvestmentchristchurch.co.nz.
To download the information pack copy and paste the below link into a new browser: http://propertyinvestmentchristchurch.co.nz/558675
Licensed under the REA Act 2008
Mobile: +64 27 349 1997 |
Office: +64 3 375 4700 |
angela.webb@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 27 248 8456 |
Office: +64 3 375 4700 |
kate.mullins@bayleys.co.nz |
5 bedrooms
5 living rooms
5 bathrooms
3 car parks
Investment | Five one-bedroom flats on one title |
Land Area | 1,117sqm TC2 designated land |
Location | Centrally located on main bus route |
150 Stanmore Road, Linwood
Open in mapLicensed under the REA Act 2008
Mobile: +64 27 349 1997 |
Office: +64 3 375 4700 |
angela.webb@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 27 248 8456 |
Office: +64 3 375 4700 |
kate.mullins@bayleys.co.nz |
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