1-4/374 Blenheim Road, Upper Riccarton, Christchurch, Canterbury
Price by Negotiation
On offer is a fantastic investment opportunity which ticks all of the boxes.
Good yield, tick. Room to add value and increase yield, tick. Great location, tick. Seldom do these present themselves to the market.
4 x 2 bedroom units on Cross lease titles on a 761 sqm freehold section.
All units had floor and ceiling insulation installed 4-5 years ago to bring them all up to at least the minimum current insulation requirements.
All units have 1 carport at the rear of the property to utilize, with unit's 1 and 2 having the luxury of a second park in front of their unit on the driveway.
Units 3 and 4, however, don't miss out and have their own private courtyard at the rear of their units. The block has been professionally managed by one of Christchurch's most respected Property Management companies for the last 5 years.
With a Registered Valuation in May 2019 coming in at $1.1 million and a renovation to unit 2 since then, there is great buying to be had.
Each unit has seen improvements over the last few years, however, each unit has its own story. The opportunity to enhance the other units and increase rent and value is more present than ever.
With a collective rent of $1345 contact me for a more detailed breakdown of works carried out on each unit and discover the opportunity for yourself.
Fantastic location in close proximity to everything that makes an investment worthwhile and the area is simply growing with new infrastructure close by.
Call today for more information.
|Rooms:||8 bedrooms, 4 bathrooms, 4 car garage|
|Area:||House area: 212 sq. m, Land area: 761 sq. m|
|Phone:||09 361 3501|
|Email:||Contact the seller »|