53 Acacia Avenue, Upper Riccarton, Christchurch

7.5%+ Gross return till 2024

SOLD

With a large fixed income, and students already lined up for the next academic year, this would be a very intelligent addition to any portfolio.

Inside the home, timber floorboards through the common spaces guide the way from the entrance to, the living room, two full bathrooms, kitchen and dining rooms. A large kitchen on offer is necessary for a home with so many rooms. Five double bedrooms in the house and three doubles in the sleepout are well laid out, with new paving for the sleepouts to access the main dwelling.

Settle in 2023 with a year-long tenancy signed for $1,360 per week expiring in January 2024.

This property is complete with a full EQC scope, with repairs all done prior to our vendor's ownership. Full insurance, healthy homes certification and a resource consent in place for all eight bedrooms.

On 688 sqm of TC1 land this property is superbly positioned, near the University of Canterbury and Bush Inn to continue its current use as a student rental for years to come.

1. Fixed year-long tenancy of $1,360 per week from 1st Jan 2023 to 1st Jan 2024
2. Low maintenance section
3. Popular student location

The property offers plenty of off-street parking for multiple tenants.

Our vendors have purchased another property and this needs to be sold.

Get in touch today to hear more about this property.