Substantial Investment – 6% Return!

number of bedrooms 8 number of bathrooms 3

18A Renfrew Street, Upper Riccarton | $970,000

A well set up residential investment in a great location within an easy distance of the University and Bush Inn shopping.

Solid brick, three bedroom home, plus five modern sleepout units on a large rear site with adjoining open fields. On-site car parking.

Please note: There are outstanding consent issues with regards to three of the sleepouts and exceeding six bedrooms. The vendor is in the process of resolving these issues.

Presently rented on fixed-term at $1,120 per week, until November 2021. Opportunity here to acquire a well set up investment property on a large site, showing a strong income and a return substantially higher than that achievable on bank deposit.

Copy and paste link to download property files – https://www.propertyfiles.co.nz/property/552790002

*Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Christchurch City Council/ CERA and we have not been able to verify the accuracy of the same.

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Director - BSc, AREINZ, ANZIV. Licensed Real Estate Agent/Salesperson and Registered Valuer

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