107 Waimairi Road, Ilam, Christchurch

Modern student rental in Ilam

Auction (unless sold prior)
12pm, Thu 10 October 2024
3 Deans Avenue, Addington, Christchurch 8011

Seeking a high-yield investment opportunity in a prime location? This exceptional property, built in 2017, features six spacious bedrooms and six bathrooms, meticulously designed to offer both comfort and convenience while delivering impressive rental income.

A new 12-month lease has been secured, commencing December 4th, at a rental rate of $1,440 per week, while currently, the property generates a reliable weekly income of $1,450 per week. Settlement can be coordinated to align with the new lease start date, providing you with immediate rental income from day one.

• Six bedrooms, each with an ensuite
• New lease at $1,440 per week from December 4th, current rental income is $1,450 per week
• Modern property built in 2017
• Ideally located near the University of Canterbury and Bush Inn
• 621sqm (more or less) of TC1, Residential Suburban-zoned land
• Double glazed and compliant with Healthy Homes standards

Situated in a highly desirable area, this property benefits from its proximity to the University of Canterbury and Bush Inn, attracting a diverse range of tenants. The location ensures a steady demand, minimizing vacancy periods and maximizing rental revenue.

Constructed with modern tenants in mind, this property was designed to meet contemporary standards and preferences. This opportunity combines immediate rental income with the potential for long-term capital growth. With a new 12-month lease already in place, you can enjoy the benefits of instant cash flow and investment security. The current owner has moved on to their next project and is committed to selling on or before auction day.

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