13/10 Collins Street, Addington, Christchurch City, Canterbury, 8024, New Zealand
Standalone two-bedroom townhouse. Low maintenance. The construction is brick with coloursteel title roof, easy care ground on a freehold title, situated on 157m2 of RMD, TC2 land.
This is about as hands off as they come and situated in a top location in Addington!
With just under 3 years remaining on this Kainga Ora Lease, simply collect the rent each week and never miss a payment.
• Two double bedrooms with built in wardrobes.
• Open plan kitchen, dining & living area .
• Good indoor-outdoor flow.
• Bathroom with shower, toilet and vanity.
• Easy care and fully fenced courtyard .
• Built in 2006 double glazed aluminium joinery.
• Leased to Kainga Ora until 29th June 2024.
• LIM report available, Insulation Certificate, Fibre.
• Single internal access garage with automatic door and laundry facilities, off street car parking.
Good holding income, currently achieving a fantastic $350 per week = $1,516.16 per month. Lease to Kainga Ora until 29th June 2024. Yearly rent reviews, the next review is June 2022.
Addington has been voted as one of the nation’s sweet spot winners in Christchurch. Located only 950 meters away from Hagley Park and 2km to the Christchurch Hospital and Metro Sports facilities and pool, 3km away from the Riverside markets and The Crossing in the CBD. Orange theory Stadium, Christchurch Area, Addington Raceway and Tower Junction close by.
Kainga Ora is Social Housing, under new tax laws, interest payments should be allowed – exception on tax deductibility (Purchasers should seek professional advice).
Addington is an affordable option for astute Investors or Mum and Dad investors starting out, looking for property for their children’s future housing. This opportunity will suit someone who wants to add a low risk, hassle-free investment property to their portfolio and watch it grow for years to come, giving the next person the opportunity to reap the rewards of living in or renting out.
