Listing Description
Cash Flow Investment
48 Heywood Terrace, Richmond, Christchurch City, Canterbury
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Agency reference | GMR12034 |
| Broadband in the area |
Description
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.
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Property Files
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Hamish Binnie
Agent's details
Neil McLaughlin
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Glass Miles Ltd, (Licensed: REAA 2008)
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