Positioned in the heart of Riccarton, just a short walk to the University of Canterbury and Bush Inn Centre, this modern, purpose-built boarding house presents an outstanding opportunity for investors seeking strong and reliable returns.
Constructed in 2015, this single-level brick home offers six spacious double bedrooms, each with its own private ensuite bathroom. The property is fully double glazed and thoughtfully designed to provide tenants with comfort, privacy, and convenience-making it highly attractive to both students and working professionals.
At the heart of the home is a generous open-plan kitchen, dining, and living area that serves as a welcoming shared space for residents. The property also includes quality furnishings and whiteware, allowing for a seamless continuation of the existing rental setup.
Investment Highlights
- Six double bedrooms - each with private ensuite bathrooms
- Modern 2015 construction with durable brick exterior
- Fully double glazed for warmth and comfort
- Single internal access garage and 4 designated car parking space
- Quality open-plan kitchen and shared living space
- Two hot water cylinders to support multiple occupants
- Furniture and whiteware included
- Potential gross annual income of approximately $93,000
Riccarton continues to experience strong tenant demand due to its proximity to the University of Canterbury, Riccarton Mall, Bush Inn Centre, public transport, and key employment hubs. Properties specifically designed for multi-tenant accommodation are tightly held and rarely available.
This is a rare opportunity to secure a centrally located, purpose-built investment property designed to maximise rental returns while remaining low maintenance.
Contact Lisa today to arrange a viewing and discover the potential this exceptional investment property has to offer.
