8 Bowman Place, Upper Riccarton, Christchurch

Investment excellence in Upper Riccarton

SOLD UNDER THE HAMMER

Welcome to an unparalleled investment opportunity in Upper Riccarton. This property stands as a beacon for those seeking a hassle-free and profitable venture. Boasting six bedrooms and two full bathrooms, this residence is poised to be a lucrative source of rental income. The low-maintenance exterior guarantees maximum returns with minimal effort, positioning this property as an exceptional cash cow investment.

• Six bedrooms: Offering ample space for tenants, this property is designed to accommodate a thriving rental community
• Two bathrooms: Convenience and comfort are paramount, ensuring tenant satisfaction and maximizing rental appeal
•Rental potential: Recent appraisals indicate a potential rental income of up to $900 per week, underscoring the financial viability of this investment
• Freehold land: Situated on 606sqm of TC1 freehold land, providing stability and long-term value
• Double garaging: Ideal for tenants' parking needs or additional storage, enhancing the property's practicality
• EQC repairs completed: Ensuring the property is structurally sound and cosmetic repairs completed
• Prime location: Close proximity to the University of Canterbury, Westfield Mall, local bars, restaurants, and entertainment options, making it highly attractive to tenants
• Current lease: The property is currently leased at $875 per week with a fixed term tenancy in place until February 2025, offering immediate and secure returns on your investment
• Partially double-glazed and equipped with a heat pump for those cooler months

Seize the opportunity to own a slice of residential Upper Riccarton where the future looks secure and prosperous. Don't delay - invest in this exceptional property today and unlock the door to a future brimming with financial success. For more information or to schedule a viewing, contact us now.