363 Hereford Street, Linwood, Christchurch

Investment Block of Flats

If you are looking for an investment in a location with potential, this could be the property. This is a block of four units all rented with a total income of $1,135 per week. The exterior has been repainted and the interior has been kept tidy with some of the units recently been repainted. The location is prime just 160m from Fitzgerald Ave, positioning it well for the ongoing redevelopment and the return of office workers to the CBD.

Currently rented at income of $1,135 per week
Flat one rented at $285 per week
Flat two rented at $300 per week
Flat three rented at $270 per week
Flat four rented at $310 per week

Full insurance cover is in place with Tower and all EQC claims have been cash settled. Each flat is proved with single garaging, heat pump and they are approximately 70sqm in size. Gains can be made in the rental levels by upgrading bathrooms and kitchens to apartment style living. All outdoor living has been set up with low maintenance gardens so no lawn mowing bills.

Why hold back be like many other Christchurch investors and reap the rewards of a tried and proven investment strategy by owning a block of flats in Linwood.