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Cashflow Is King - $ 1,030 per week rental income

Harcourts Grenadier - Riccarton, (Licensed: REAA 2008)

Listed 17 Feb

2/340 Lincoln Road, Addington, Christchurch City, Canterbury

Asking price $519,000

Bed6
Bath2
Parking3

Details

6 bedrooms
2 bathrooms
Unit Title
Built in 2000s
1 lounge
3 off street parks
House
Property interior
Property interior

Cashflow Is King - $ 1,030 per week rental income

Copy and paste this link into your browser to view the property files: https://www.propertyfiles.co.nz/property/2-340LincolnRoad

Built from solid concrete tilt panel walls, this property offers an opportunity for multiple types of buyers. If you're an Investor you can continue with the current room-by-room rental configuration for income of $ 1,030 per week, or you can change to a single tenancy and look to earn $ 800 to $ 880 per week for income, with less outgoings and less management involvement. An alternative option is to be an owner-occupier and rent out the spare rooms to help pay for the mortgage and other outgoings. You could collect $ 680 per week to offset against these costs. With the 3 allocated carparks there'll be no concerns about parking either. No matter which you choose, financially they are all sound decisions.

Consisting of 6 bedrooms, and 2 bathrooms, this purpose designed townhouse/apartment will provide great cashflow and return on your investment. Having undergone recent renovations, in particular the kitchen, you'll collect the rent without the worry of upgrades or maintenance that comes with older properties. The secure courtyard area gives you your own area to enjoy in peace and quiet.

Located close to the Central City, Hagley Park, Addington Village and the arterial routes to get around Christchurch and beyond, this investment will be popular now and into the future.

For viewings outside of scheduled open home times, please contact to make these arrangements.

Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.

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2/340 Lincoln Road has been viewed 10,172 times since it was first listed on 17 February. There are 292 people keeping an eye on it.

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2/340 Lincoln Road, Addington, Christchurch City, Canterbury

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