10/26 Stanmore Road

Phillipstown Canterbury

Unit

Currently for sale - view listing

Overview

Backed for the Long Term

Deadline Sale (unless sold prior) 1.00pm, 22 July 2026 Viewing by appointment only - please contact agent for viewing times. Securely leased to Housing New Zealand, this tidy and low maintenance ground-floor one-bedroom unit offers an attractive investment opportunity with reliable income and long-term security already in place. The property enjoys close proximity to the CBD, One Stadium, public transport and a range of local amenities, supporting its ongoing appeal as a proven rental location. Built in the early 2000s and offering a comfortable 57sqm (more or less) floor area, the unit features a practical layout comprising open-plan living, a functional kitchen, a generous bedroom and a well-appointed bathroom. Returning $19,500 per annum (GST inclusive), the property is securely leased to Housing New Zealand through to February 2030, providing certainty of income for years to come. The lease benefits from fixed annual rental increases of 2% each year, delivering built-in income growth throughout the term. Importantly, there are no property management fees payable to Housing New Zealand, allowing investors to retain the full benefit of the rental income. • Guaranteed rental income of $406 per week • Secure lease with Housing New Zealand through to February 2030 • Built-in 2% annual rent increases • Tenants managed by Housing New Zealand • Eventual handback in originally leased condition • One generously sized bedroom and a full-sized bathroom • Off-street parking provided with the unit • Fully compliant with Healthy Homes standards Whether you are looking to add a dependable asset to your portfolio or secure an investment with a government-backed lease, established cash flow, scheduled rental growth and no management fees, this property presents a compelling opportunity in a location continuing to benefit from significant investment and growth. Investment opportunities combining long-term security and built-in rental growth are seldom available. Our vendors are motivated and encourage all interested parties to submit their offers on or before deadline day. To download the property files, copy and paste into your browser: https://www.propertyfiles.co.nz/5530732