Please follow the link below to download the property file: https://www.propertyfiles.co.nz/property/37597092
Forget the hassle of finding tenants, setting up a property, or wondering when your next rental payment is coming. This a seriously unique investment opportunity that's already doing the hard work for you!
Generating an impressive $1,560 per week, or $81,120 annually, this eight-bedroom property is the definition of an investment that's ready to go from day one. Better still, the existing tenants are locked in for another year, having recently increased their rent from $1,500 to $1,560 per week.
Positioned to attract students from both the University of Canterbury and Lincoln University, this property benefits from two major student rental markets rather than relying on just one. The current owners have enjoyed a fantastic rental history, with no issues finding tenants over the years.
Inside the main home, you'll find five bedrooms, a large bathroom, plenty of storage and something that's surprisingly hard to come by in student accommodation a genuinely spacious kitchen. The generous open-plan kitchen provides plenty of room for everyone, while the separate living area gives the household somewhere to relax, unwind and catch up.
Outside private wrap-around deck creates a fantastic entertaining space, while the double garage provides excellent additional storage. Behind the garage are two consented bedrooms and a bathroom, with an additional cabin completing the eight-bedroom configuration.
The current occupants take pride in the property, keep things tidy, maintain the lawns and even tackle many of the smaller maintenance jobs themselves. They're also well regarded in the neighbourhood, regularly sharing their fishing and hunting catches with the neighbours. It's a refreshing change from what you might typically expect from a large student rental.
With established tenants, strong rental returns and a property already set up to accommodate a large household, there's very little for the next owner to organise. Simply take over and enjoy the income.
The owners are committed to their next venture, and this property MUST be sold on or before the deadline.
Whether you're an experienced investor looking to strengthen your portfolio or someone wanting a high-income property without the usual setup headaches, 4 Cicada Place deserves your attention.
Opportunities offering this level of income, established tenancy and flexibility don't come along every day.
Give Drew or Michelle a call today; this one is well worth a closer look!
Please be aware that this information may have been sourced from LINZ/RPNZ/LLUR/REINZ/Property Guru/Land Information New Zealand/Christchurch City Council/CERA and we have not been able to verify the accuracy of the same.
