10/26 Stanmore Road, Phillipstown, Christchurch City, Canterbury

Asking Price $325,000

Viewing by appointment only - please contact agent for viewing times.

Returning $20,292 per annum (GST inclusive), this well-presented, ground-floor one-bedroom unit offers an attractive 6.2% gross return, backed by a secure lease to Kainga Ora (formerly Housing New Zealand) through to February 2030. With guaranteed annual rental increases of 2%, no property management fees payable to Kainga Ora and a government-backed tenant already in place.

Built in the early 2000s, the approximately 57sqm unit is tidy, practical and designed for comfortable living. The layout features open-plan living and dining, a functional kitchen, a generous double bedroom, a well-appointed bathroom and dedicated off-street parking.

*$20,292 annual rental income (GST inclusive) *Approximately 6.2% gross return *Guaranteed rental income of $390.23 per week *Secure Kainga Ora lease until February 2030 *Contractual 2% annual rental increases *No property management fees payable to Kainga Ora *Fully Healthy Homes compliant *One generous bedroom, full-sized bathroom and off-street parking *Property to be returned in its originally leased condition at the end of the lease

For investors seeking dependable income, reduced management responsibilities and greater certainty, this property ticks a lot of boxes. With an established tenant, scheduled rental growth and income secured under an existing lease. You can focus on the bigger picture while your investment works for you.

Our vendors are highly motivated and committed to achieving a sale. They are ready to consider genuine offers, creating an excellent opportunity for buyers looking to secure a quality investment.

Opportunities combining this level of rental return, tenant security and low-maintenance ownership are not always easy to find.

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