91 Brockworth Place, Riccarton, Christchurch

Returns Worth Looking At

At 91 Brockworth Place you will find a property that is the perfect solution in the current market, with a fantastic proven return for the last nine years. Three townhouses with a total of 19 bedrooms on offer give plenty of scope to accommodate trades people for the reconstruction of Christchurch. 'Based on projections by the Canterbury Development Corporation (CDC) last year, Christchurch will need an additional 24,000 trades people, including 6000 painters, at the peak of the rebuild next year.' The Christchurch Press - 3 April 2012. \nOver the past nine years it has accommodated overseas medical students from the University of Otago medical School, located only a short walk from Brockworth Place. The vendors hardly advertise the townhouses for rent as most students have arrived from word of mouth. The vendors are retired and have enjoyed the strong income and being hands on with tenant selection and the month to month running of the property, however there is the opportunity to list with a property management company and achieve similar if not better returns with less input. With rental increases and housing shortages all over the news this may be the opportunity you have been waiting for. \nThe last three years of financial accounts summary available as prepared by Boyd Knight Ltd Chartered Accountants. Showing a strong average income over the last three years. All expenses have been taken into account include repairs and maintenance, insurance, rubbish collection, cleaning, bank charges, rates the list just goes on. Current rental levels are Unit One: $960 per week, Unit Two : $765 per week, Unit Three : $765 per week, Totalling $2,490 per week. \nLocated 120m from the edge of the Hagley Park and 1.3km walking distance from University of Otago medical School. \n