Listed: Sun, 3 Nov

Three 2 bedroom units starting from $480,000

66 Division Street, Riccarton, Christchurch City, Canterbury

Asking price $455,000

6+ Beds
4 Baths
4 Living areas
320m² Floor
1050m² Land

Other Features

4 Garage parking

Attribute	Value
Property type	House
Capital value (CV)	$1,990,000
Parking	Onsite plus garaging
Broadband in the area	Fibre, ADSL, Cable, Wireless

Unit 1 $455,000 rent is $495/wk - SOLD Unit 2 $495,000 rent is $425/wk Unit 3 $480,000 rent is $380/wk Unit 4 $480,000 rent is $380/wk

The rents on units 2,3 and 4 are all well under market rates - so there is potential to lift the cap rate significantly once you own them.

All 3 are tenanted, some for many years. With a combined Rateable value of $1,990,000 - don't take too much time doing your due diligence; if an individual owner gets a great offer, your opportunity might be lost forever.

Viewing is strictly by appointment only and may be 'grouped' to avoid excess intrusion on the tenants, so contact Alan or Mike today to register a time to view.