Units 1-3/12 Feilding Street, Addington, Christchurch

Income and investment

Auction (unless sold prior)
11am, Thu 29 Aug 2024
3 Deans Avenue, Christchurch

This multi-tenanted property offers three units on their own titles, situated on an attractive 682sqm of Residential Medium Density zoned land on the city fringe.

All three tenants are long-term occupants with one residing for an impressive 30-year tenure. This multi-tenanted dwelling is currently rented at $50,440 per annum.

Built in the 1970s, providing certainty with room to improve.

Flat one comprises of one bedroom, bathroom, plus covered parking.

Flat two comprises of one bedroom and one bathroom.

Flat three comprises of two bedrooms, one bathroom and a detached garage.

Savvy investors will appreciate the potential this property presents, with the opportunity to add value and maximise returns through future improvements.

Reap the rewards of immediate cash flow, while securing a prosperous land holding and addition to your property portfolio.

Contact the agent to find out more.

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