This property is now SOLD.
With University of Canterbury having secured its position as one of New Zealand's best tertiary institutions, it makes sense to take advantage of this rise and secure a prime rental investment property within 500 meters from the campus. This location will ensure strong demand for tenants into the future as the convenience it provides will prove its value. Underpinned by the University, the close proximity of the Upper Riccarton / Bush Inn shopping precincts, with the supermarkets, shops and restaurants, will keep this property as a sought-after place to live for tenants now and into the future.
Currently bringing in $2,240 per week in revenue, this property, consisting of two houses, is certainly a stand-out in this respect. With some tenants still paying rent levels back from 2022 & 2023, there is definitely room to grow these rental returns and the value of this asset. This shows the tenants enjoy the environment so much they like to stay. Tenants are made up of students as well
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