23/336 Lincoln Road, Addington, Christchurch

Looking for an income?

For Sale - $370,000

View by appointment.

Astute investors who recognise the importance of cash flow will be instantly drawn to this townhouse.

Accommodation is provided by six bedrooms that are conveniently spread across the two levels, four upstairs and two downstairs, with two bathrooms one on each level with separate toilets beside both. The functional kitchen has plenty of storage for all tenants and the ideally proportioned lounge gives plenty of space for communal living.

With a solid income of $830 per week from the six bedrooms, the star of this property is the income it generates, with it currently showing an 8% net return.

In Summary:

- Six bedrooms
- Two bathrooms
- Returning $830 per week
- Well maintained
- Exterior has recently been refurbished
- Fully furnished
- Two carparks
- 8% net return

The grounds are mostly hard landscaped within the complex with minimal upkeep in mind, the townhouse comes with two off street parks, however its convenient location means most tenants don't require a vehicle.

Of course, the location is exceptional, with Addington's vibrant village - complete with shops and eateries, ensuring everything you could ever need is literally on your doorstep. The complex is set back from the street however is located on a main thoroughfare into the inner city, giving plenty of options for work, study and play.

While currently tenanted and located close to the ever-developing hub of Christchurch it is the healthy returns being generated that are the star of the show.

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/559867