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Ilam

20 Tyndale Place, Ilam, Christchurch

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7Β Bedrooms
1Β Lounges
4Β Bathrooms
3Β Parking
674sqmΒ Land area SQM

Sought after location, savvy investment


Situated in a highly coveted location just a short walk or drive from the University of Canterbury, this property encompasses 674sqm (more or less) of freehold, TC1 zoned Residential Suburban land. Offering two buildings, it provides comfortable accommodation comprising seven bedrooms and four bathrooms. The main house, constructed in the 1980s, features six double bedrooms, a tidy kitchen, and a sunlit living area Adjacent, the consented sleepout boasts one bedroom, with shower and toilet facilities.

β€’ Main house is configured with six bedrooms and three bathrooms
β€’ Sleepout is configured with one bedroom and one bathroom
β€’ Large floor area of 290sqm (more or less) plus sleepout
β€’ Triple garaging provides ample space for tenants' storage needs
β€’ 674sqm (more or less) of TC1, Residential Suburban zoned land
β€’ Renting currently for $1,500 per week until January 2026
β€’ Partially double-glazed
β€’ Located close to the University of Canterbury

A smooth rental transition is promised with the property is currently leased at $1,500 per week on a fixed-term tenancy until January 2025. While a new lease is signed for $1,500 per week and will commence January 2025 through to January 2026.

The property presents an exceptional investment opportunity, ideally positioned for proximity to educational institutions and offering potential for future growth.

To download the Property Files, copy and paste the below into a new browser: https://www.propertyfiles.co.nz/5525663

For Sale by Negotiation
Angela Webb

Angela Webb

Residential, Investment and Development Sales

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Grace Bruere

Grace Bruere

Residential and Investment Sales

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Viewing details

14
Jan
Open home
Time
1-1.30pm
Calander
Calendar

Features

Location


Located just a short walk to the University of Canterbury

Income


Steady and reliable income-generating a positive cash flow of $1,500 per week

Garaging


Triple garaging included for parking and/or tenants storage needs

Spacious


Seven large bedrooms, split over a configuration on six bedrooms and three bathrooms in the house and one bedroom and one bathroom in the consented sleepout

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