48 Heywood Terrace, Richmond, Christchurch City, Canterbury, 8013, New Zealand
Presenting a unique property offering a remarkable opportunity with multiple income streams. Situated on a 524sqm (more or less) of MRZ zoned land in a great location, this investment promises both immediate rental returns and future land-banking potential.
The residence spans 220sqm (more or less) and has been divided into three separate flats, enhancing versatility and maximizing investment returns. Flat 1 consists of one bedroom an open-plan kitchen and living area and a bathroom. Flats 2 has one large bedroom separate kitchen and living areas and a bathroom. Flat 3 is upstairs with a large sunny bedroom separate lounge, kitchen and a bathroom.
• Current Rental of $1,130.00 per week
• $58,760per annum from one periodic and two fixed-term tenancies
• Configuration: 3 x 1-bedroom flats
• Land area: 524sqm (more or less) of freehold land zoned MRZ
Great alternative to a block of flats!
This property is poised to deliver a strong positive cash flow.
