10 Sarah Street, Seaview, Timaru, Canterbury

Standing proud and full of potential, this solid two-storey block of flats is your next step toward reliable weekly passive income. If your returns sitting in the bank are falling short of your expectations, it's time to take action and transfer your capital into an appreciating asset with real-world impact.

Offering six fully self-contained flats-five generous two-bedroom units and one tidy one-bedroom-this property is nearly fully tenanted, with one flat purposefully left vacant to allow easy access for viewing and selling. The interiors have been modernised and are fresh and comfortable, and four of the showers have been recently upgraded, adding comfort and value. Double glazing and heat pumps in every unit boost the appeal for tenants and help ensure consistent rental returns all year round.

The location is unbeatable- just a short walk to town and the stunning Caroline Bay. Picture summer evening strolls along the beach followed by dinner at your favourite local restaurant. Tenants love the convenience, and landlords love happy tenants. Plus, with off-street parking both front and rear, the practicality of this property is hard to beat.

This is your chance to consolidate your rental portfolio with a rare block that also comes with a current rental Warrant of Fitness. Opportunities like this don't come around often. Secure it now and watch your investment work for you.

The Rent: 1/10 - $450, Tenancy Is Periodic, Rent increase took effect 13/05/2025. 2/10 - 1 bedroom is currently vacant and available for viewing. Rent was estimated at $400. 3/10 - $420, Fixed Tenancy until 10/10/2025. 4/10 - $420, Fixed Tenancy until 01/08/2025. 5/10 - $400, Tenancy Is Periodic, Rent last increased 15/11/2024

Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.