Offered to the market as one package, there is huge potential here. Situated in a sought-after area that offers easy access in just about every direction from the southern motorway, central city and the Port Hills.
With a short 17 minute drive to the very popular Christchurch Adventure Park, this is an ideal opportunity to start an Air B&B.
This property is positioned on an expansive 3585sqm of TC2 land and has a total floor area on offer of approximate 750sqm.
These residential units comprise of the following:
• 1 x 6 Bedroom plus study (7th bedroom), 2 bathroom and double garage.
• 1 x 3 Bedroom, 1 bathroom and a free standing single garage.
Both of the above properties are fully fenced with private gardens.
• 1 x Studio Unit.
• 2 x 1 Bedroom Units.
• 2 x 2 Bedroom Units.
• 2 x 3 Bedroom Units.
• 1 x double garage (currently leased as storage).
Currently all houses are rented with a current rental income of $177,840 P/A, approximately 7.75% gross return on investment. Don’t procrastinate or you’ll miss out!
Viewing of this property is exclusively available through inspection by appointment. Please note, there will be no open homes held. Please contact us to arrange your personal inspection.
From all of us at Iron Bridge Real Estate, we wish you every success in your search for your home. If you would like more details on this home or to discuss one of the many other properties we have available please call or email us today.