Investment opportunity


169A Aldwins Road, Phillipstown

By Negotiation

Download Email
Investment opportunity | 169A Aldwins Road, Phillipstown | 558840 |      X Close
Image
Description

Investment opportunity


Residential investment with a lease in place to a Community Housing Provider.

Tucked back from the road is this modern freshly built home, currently rented at $885 per week plus insurance costs creating an equivalent of $910 per week income or $47,320 per annum, giving a gross return of 7.5%.

Built in 2015 this home has six double bedrooms, all with ensuites and walk in wardrobes, the living space is open plan and leads out to sunny deck and landscaped courtyard area. The house has been designed for family living, worker accommodation or room by room rental with direct access to the exterior from each bedroom giving dual access for tenants which is highly sought after in shared living homes.

Along with the lease in place and no indications this is going to change, the security of a well-funded tenant plus professional property management taking care of inspections and ensuring the house is kept to a suitable standard, this really is a passive way to have your money work for you.

Facts and Figures

- Leased at $885 per week

- Insurance costs covered under lease

- Six double bedrooms

- Six en-suites

- Six walk-in wardrobes

- Guest toilet

- Open plan kitchen/dining/living

- Two hot water cylinders

- Decks and landscaped grounds

- Fully furnished

- Professionally managed

- Off street parking

- Built 2015

- Lease signed May 2018

- Two rights of renewal in place

With a solid tenant in place plus built in rights of renewals, multiple options for long term income, a modern build, built to current building codes and returning the equivalent of 7.5% return, why wouldn't you secure this investment?

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/558840

169A Aldwins Road, Phillipstown

Open in map