Looking for a high-yield investment? These two standalone properties on separate titles offer a rare opportunity in the sought-after Riccarton area. With a total of 14 bedrooms, 14 ensuites, and 14 allocated car parks, these properties are ideal for investors seeking reliable cash flow and a low-maintenance investment option.
Property Highlights:
- 14 Bedrooms with Ensuites - Each double bedroom with built-in wardrobes, includes its own private ensuite, offering comfort and privacy for tenants.
- 14 Dedicated Car Parks - Every tenant has their own allocated parking space, adding extra convenience and appeal.
- Strong Rental Return - Currently fully tenanted at $260 per room per week, delivering approximately 7.5% gross yield with consistent rental income.
- Modern & Low Maintenance - Built in the 2000s with durable brick exteriors, the properties are designed for easy upkeep. Both properties have been well maintained, with upgrades completed over the years.
- Medium Density Zone - Positioned in a Medium Density Residential Zone, offering long-term investment potential and future development appeal.
- Top School Zones - Located within the sought-after Christchurch Boys' High School and Christchurch Girls' High School zones.
- Prime Location - A short stroll to University of Canterbury , Westfield Mall and public transport, helping ensure ongoing tenant demand.
To minimise disruption to tenants, viewings will be by appointment only. Contact Dee Yang 022 389 3799 today to arrange a viewing or for more information.
*Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.
