10/26 Stanmore Road, Phillipstown, Canterbury

For Sale

10/26 Stanmore Road, Phillipstown, Canterbury

Asking Price $325,000

Unit

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30+ days on the market

What's around 10/26 Stanmore Road

Secure Income, Hands-Off Ownership

Asking Price $325,000 Viewing by appointment only - please contact agent for viewing times. Want to enjoy the benefits of a hands-off investment, with reliable rental income, guaranteed annual increases and minimal day-to-day involvement? Offering an attractive 6.2% gross return and $20,292 in annual rental income, this well-presented, ground-floor one-bedroom unit is backed by a secure Kāinga Ora lease through to February 2030, providing a dependable income and long-term certainty. At approximately 57sqm (more or less), this well-designed unit offers comfortable, practical living with an open-plan lounge and dining area, a spacious double bedroom, a functional kitchen, a full-sized bathroom and dedicated off-street parking. •$20,292 annual rental income (GST inclusive) •Guaranteed rental income of $390.23 per week •Contractual 2% annual rental increases •No property management fees payable to Kāinga Ora •Routine internal maintenance managed by Kāinga Ora •Body corporate manages shared building areas •Lease provisions for further five-year terms As the vendors put it, “Hands off, money comes in each month, we do nothing.” They have enjoyed the simplicity of an investment that practically looks after itself, with minimal time or effort required. Now looking to unlock their equity to purchase their retirement home, the vendors are ready to pass this low-maintenance investment on to its next owner. Opportunities combining this level of rental return, tenant security and low-maintenance ownership are not always easy to find. *Please note: Some photographs feature Unit 5, which has a similar layout to the property advertised.* To download the property files, copy and paste into your browser: https://www.propertyfiles.co.nz/5530732