Listed: Wed, 20 May

Cash Cow - Approx. $189k p.a.

88 & 88a Rattray Street, Riccarton, Christchurch City, Canterbury

Price by negotiation

6+ Beds
6+ Baths
2 Living areas
942m² Land

Other Features

6+ Separate toilets
6+ Off-street parking

Attribute	Value
Property type	House
Capital value (CV)	$1,960,000
Parking	14 open spaces
Agency reference	WGM4388
Broadband in the area	Fibre, ADSL, Cable, Satellite, VDSL, Wireless

Looking for a high-yield investment? These two standalone properties on separate titles offer a rare opportunity in the sought-after Riccarton area. With a total of 14 bedrooms, 14 ensuites, and 14 allocated car parks, these properties are ideal for investors seeking reliable cash flow and a low-maintenance investment option.

Property Highlights:

14 Bedrooms with Ensuites - Each double bedroom with built-in wardrobes, includes its own private ensuite, offering comfort and privacy for tenants.
14 Dedicated Car Parks - Every tenant has their own allocated parking space, adding extra convenience and appeal.
Strong Rental Return - Currently fully tenanted at $260 per room per week, delivering approximately 7.5% gross yield with consistent rental income.
Modern & Low Maintenance - Built in the 2000s with durable brick exteriors, the properties are designed for easy upkeep. Both properties have been well maintained, with upgrades completed over the years.
Medium Density Zone - Positioned in a Medium Density Residential Zone, offering long-term investment potential and future development appeal.
Top School Zones - Located within the sought-after Christchurch Boys' High School and Christchurch Girls' High School zones.
Prime Location - A short stroll to University of Canterbury , Westfield Mall and public transport, helping ensure ongoing tenant demand.

To minimise disruption to tenants, viewings will be by appointment only. Contact Dee Yang 022 389 3799 today to arrange a viewing or for more information.

To download the property files: https://www.propertyfiles.co.nz/L40906892

*Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.

Open home times

No times scheduled

Property Files

Discover more about this property.

Request the files from Dee.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE wharenui school
Matipo Street
556 m
Full Primary (Primary & Intermediate), State, 456 enrolled
IN ZONE kahikatea kirkwood intermediate
260 Riccarton Road
583 m
Intermediate (Intermediate), State, 258 enrolled
IN ZONE christchurch boys' high school
71 Straven Road
998 m
Secondary (Year 9-13) (Secondary), State, 1420 enrolled

IN ZONE middleton grange school
30 Acacia Avenue
1.3 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 1376 enrolled
IN ZONE christchurch girls' high school -te kura o hine waiora
10 Matai Street
1.8 km
Secondary (Year 9-13) (Secondary), State, 1306 enrolled
IN ZONE villa maria college
21 Peer Street
2 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 824 enrolled
IN ZONE riccarton high school
31 Vicki Street
2.1 km
Secondary (Year 9-13) (Secondary), State, 1130 enrolled
IN ZONE te puna wai o waipapa - hagley college
510 Hagley Avenue
2.5 km
Secondary (Year 9-13) (Secondary), State, 2120 enrolled
IN ZONE st thomas of canterbury college
69 Middlepark Road
2.9 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 703 enrolled
IN ZONE christchurch adventist school
15 Grants Road
4 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 266 enrolled
UNZONED st teresa's school (riccarton)
10 Puriri Street
312 m
Full Primary (Primary & Intermediate), State : Integrated, 168 enrolled
UNZONED medbury preparatory school
109 Clyde Road
1.2 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 395 enrolled
OUT OF ZONE ilam school
66 Ilam Road
1.2 km
Contributing (Primary), State, 400 enrolled
OUT OF ZONE tūora fendalton school
168 Clyde Road
1.7 km
Contributing (Primary), State, 417 enrolled
OUT OF ZONE sacred heart school (christchurch)
40 Spencer Street
2.2 km
Full Primary (Primary & Intermediate), State : Integrated, 180 enrolled
OUT OF ZONE te kāpehu riccarton school
1 English Street
2.3 km
Full Primary (Primary & Intermediate), State, 353 enrolled
OUT OF ZONE wairarapa cobham intermediate
294 Ilam Road
2.5 km
Intermediate (Intermediate), State, 641 enrolled
UNZONED rangi ruru girls' school
59 Hewitts Road
2.6 km
Secondary (Year 7-13) (Intermediate & Secondary), Private : Fully Registered, 701 enrolled
OUT OF ZONE hillmorton high school
Tankerville Road
2.8 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 1404 enrolled
UNZONED christ's college
33 Rolleston Avenue
2.8 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 730 enrolled
UNZONED st margaret's college
12 Winchester Street
2.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 847 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.