10/26 Stanmore Road, Phillipstown, Christchurch

Hands-off ownership with long-term security

Asking Price $325,000

Viewing by appointment only - please contact agent for viewing times.

Returning $19,896 per annum (GST inclusive) with guaranteed 2% annual rental increases. This well-presented investment offers an attractive 6.1% gross return, secure, low-maintenance ownership, and a long-term government-backed tenant already in place.

Securely leased to Kāinga Ora (formerly Housing New Zealand) through until February 2030, the property provides reliable cash flow and exceptional peace of mind. Better still, there are no property management fees payable to Kāinga Ora, allowing investors to maximise their return while benefiting from scheduled rental growth throughout the lease term.

Positioned on the ground floor, this tidy one-bedroom unit was built in the early 2000s and offers approximately 57sqm (more or less) of comfortable living. The practical layout includes open-plan living and dining, a functional kitchen, a generous double bedroom, a well-appointed bathroom, and dedicated off-street parking.

•Returning $19,896 per annum (GST inclusive)
•Approximately 6.1% gross return
•Guaranteed rental income of $382.62 per week
•Secure lease to Kāinga Ora through to February 2030
•Fixed 2% annual rent increases providing built-in income growth
•No property management fees payable to Kāinga Ora
•Government-backed tenant providing long-term security
•Property returned in its originally leased condition at lease end
•One generous bedroom, full-sized bathroom, and off-street parking
•Fully compliant with Healthy Homes standards

For investors seeking reliable income, minimal management and long-term certainty. Combining a 6.1% gross return, a government-backed lease, consistent cash flow, annual rental growth and a sought-after city-fringe location, this is an investment designed to perform from day one.

Our vendors are highly motivated and committed to achieving a sale. Investment opportunities like this are scarlessly available.

To download the property files, copy and paste into your browser: https://www.propertyfiles.co.nz/5530732