Listed: Mon, 17 Nov

Cash Flow Investment

48 Heywood Terrace, Richmond, Christchurch City, Canterbury

Asking price $849,000

3 Beds
3 Baths
3 Living areas
524m² Land

Attribute	Value
Property type	House
Agency reference	GMR12034
Broadband in the area	Fibre, ADSL, Cable, Satellite, VDSL, Wireless

Presenting a unique property offering a remarkable opportunity with multiple income streams. Situated on a 524sqm (more or less) of MRZ zoned land in a great location, this investment promises both immediate rental returns and future land-banking potential.

The residence spans 220sqm (more or less) and has been divided into three separate flats, enhancing versatility and maximizing investment returns. Flat 1 consists of one bedroom an open-plan kitchen and living area and a bathroom. Flats 2 has one large bedroom separate kitchen and living areas and a bathroom. Flat 3 is upstairs with a large sunny bedroom separate lounge, kitchen and a bathroom.

Current Rental of $1,130.00 per week
$58,760per annum from one periodic and two fixed-term tenancies
Configuration: 3 x 1-bedroom flats
Land area: 524sqm (more or less) of freehold land zoned MRZ

Great alternative to a block of flats! This property is poised to deliver a strong positive cash flow. Be Quick Phone NOW for details...

Source: Property Guru, Vendor, CCC.