16 Barlow Street, Ilam, Christchurch

Multiple income opportunity, 8% plus return

SOLD

Welcome to an unparalleled investment opportunity that yields a high return with multiple income streams totalling $2,650 per week - a student rental strategically positioned for not just immediate returns but also substantial long-term land banking benefits. Nestled on an expansive 1,654sqm of Residential Suburban land, this property promises a blend of versatility and maximum investment potential across three distinct houses.

Both 16A and 16B are both equipped with five double bedrooms, two full-sized family bathrooms, kitchen, and spacious living area. While 16C comprises of four double bedrooms, two family bathrooms, kitchen, and separate living area.

•     Two x 5 and one x 4 bedroom houses
•     Six bathrooms
•     Three kitchens and living areas
•     Resource Consent granted for three residents
•     Located in proximity to the University of Canterbury, minimizing vacancy periods
•     1,654sqm of freehold, TC2, Residential Suburban land
•     Currently returning $2,650 gross per week until November 2024
•     Extensive off street car parking for tenants

This is an opportunity not to be missed. The reliable rental income and the potential for future capital growth combine to present an enticing prospect with this investment. Furthermore, the bonus of acquiring the property with existing tenants in place guarantees instant cash flow and a sense of security.

Act fast, our vendor has moved onto a new venture and is motivated and realistic.