17 Paeroa Street, Riccarton, Christchurch

AUCTION BROUGHT FORWARD

SOLD

Exceptional Investment in Riccarton

This 1940s brick residence epitomizes low-maintenance living, perfectly situated in a prime location between the University of Canterbury, Riccarton Mall, and Bush Inn.

The property features five generously sized bedrooms strategically positioned at both the front and rear of the home. The living area is oriented to the north, allowing it to capture and utilize the abundant natural sunlight throughout the day.

A smooth rental transition is promised with the property currently leased for $825 per week until November 2024. While a new fixed term tenancy is signed and in place for $925 per week from November 2024 - November 2025.

• Five well-proportioned bedrooms
• Two full bathrooms
• Fully Healthy Homes compliant
• Open-plan living area
• 449 sqm of TC2 Residential Suburban Density Transition zoned land
• Ample off-street parking

This property presents an attractive blend of dependable rental income and substantial potential for future capital appreciation. With current tenants ensuring immediate cash flow and a new lease secured for the 2024-2025 student year, this opportunity offers a secure investment with promising prospects.

Our vendors are reinvesting and are committed to achieving a sale on or before the auction day. This presents an excellent opportunity for you to step into their position and benefit from the established cash flow they have enjoyed throughout their ownership.