Calling all astute investors! If you have been searching for a low-maintenance, high-performing asset to add to your portfolio, Flat 4 at 2 Napier Street is an absolute standout.

Sitting comfortably on the top floor of a solid, six-apartment block, this property serves up an impressive 7.40% gross rental yield with reliable, tenants already in place paying $370 per week.

Property Highlights:

Elevated Living: Being on the top story gives you extra privacy, security, and a wonderful sense of space.

Sun-Drenched Spaces: The spacious open-plan lounge and dining area flow seamlessly out onto a North-facing balcony, the perfect spot for the afternoon sun.

Functional & Spacious: Features two bedrooms, a highly functional separate kitchen, and a dedicated separate laundry room.

Tidy Amenities: A well-kept bathroom configured with a shower-over-bath, vanity, and toilet.

Secure Parking: Includes a single lock-up garage on the ground level, plus a private stairway leading straight to your front door.

The Location:Convenience is king here. Positioned centrally in Timaru, the property is just a short stroll from the town centre, local supermarkets, retail shops, and excellent schools.

Tenants love this area for its effortless walkability. With the hard work already done and an immediate income stream from day one, this affordable investment will not sit around for long.

Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.