16A Piko Crescent, Riccarton, Christchurch

Strong student rental income

SOLD UNDER THE HAMMER

This well-appointed residence features five spacious bedrooms and one full-sized bathroom, an additional second toilet and five off-street car parks—designed for comfort, convenience, and strong rental income potential.

Currently leased under a 12-month fixed-term tenancy until January 2025, this property yields a consistent income of $825 per week, with an increase of $875 per week starting January 2025 through a fixed-term lease lasting until January 2026. Ideally situated, it is within walking distance or a short drive from the University of Canterbury, Westfield Mall, and Harrington Park.

• Five generously sized double bedrooms
• One large bathroom plus an additional separate second toilet
• Current rental income of $825 per week, increasing to $875 in January 2025
• 698sqm (more or less) of freehold land, TC2, RSDT zoned
• Open-plan kitchen and living area
• Five off-street parking spaces

Constructed in the 2000s, this property has been meticulously maintained and upgraded, featuring full double glazing and ample storage at both ends of the house. It presents a compelling blend of reliable rental income and significant potential for future capital growth. With tenants in place until 2026, you can enjoy immediate and reliable cashflow

Our motivated vendor is eager to explore new ventures and is keen to finalize the sale on or before auction day. Don't miss this outstanding opportunity to enhance your investment portfolio with a sound and profitable asset.