Cash Cow, Can Be Yours Now
After decades of ownership the family have decided that their long faithful cash cow now needs a new owner as they retire from their rental investments.
4 x 2 bedroom units located on a sunny corner site all with a north-west facing street frontage. 3 units have a garage and the 4th a carport. Aluminium windows right around. Three units are currently vacant and all have had the EQC repairs completed. Each unit benefits a heat pump.
The occupied unit is returning $335pw but does not include the use of a garage. A rental appraisal confirms a rental of $350-$370 can be achieved per unit in the current original condition. ($72,800- $76,960 pa for the block). This rental could easily be increased with a modernised interior.
Underpinned by a 941sqm corner site of RSDT land. Zoned for Christchurch Boys' and Girls' High School. This is an opportunity not to be missed so close to Westfield Riccarton and the University of Canterbury.
All offers presented Tuesday the 6th of October 2020 at 5pm (unless sold prior, on the vendors instruction only unconditional offers will be considered prior).