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Upper Riccarton
Christchurch City
Cash Cow, Can Be Yours Now
After decades of ownership the family have decided that their long faithful cash cow now needs a new owner as they retire from their rental investments.
4 x 2 bedroom units located on a sunny corner site all with a north-west facing street frontage. 3 units have a garage and the 4th a carport. Aluminium windows right around. Three units are currently vacant and all have had the EQC repairs completed. Each unit benefits a heat pump.
The occupied unit is returning $335pw but does not include the use of a garage. A rental appraisal confirms a rental of $350-$370 can be achieved per unit in the current original condition. ($72,800- $76,960 pa for the block). This rental could easily be increased with a modernised interior.
Underpinned by a 941sqm corner site of RSDT land. Zoned for Christchurch Boys' and Girls' High School. This is an opportunity not to be missed so close to Westfield Riccarton and the University of Canterbury.
All offers presented Tuesday the 6th of October 2020 at 5pm (unless sold prior, on the vendors instruction only unconditional offers will be considered prior).
Agent
Richard Dawson
Holmwood Real Estate Ltd MREINZ
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Expertise and Dedication to Get You Results
Great product knowledge, friendly and dedicated service, honest advise and most importantly appreciating you as a customer makes Richard the perfect person to help you realise your real estate dreams.
Richard has a huge wealth of property knowledge having been an active property developer, rental investor and landlord over a number of years. He now offers this wealth of hands on experience to assist you in your next real estate move.
Having completed a degree in Commerce and Management Richard made sure to include several Marketing and property valuation papers to enable him an academic backing in his field. Richard greatly enjoys assisting his clients by sharing his real estate knowledge and experience.
In his spare time Richard enjoys getting outdoors and thinks a day spent fishing is hard to beat. Rugby and water sports are also favourite pass times of his.
Richard firmly believes property investment is the key to long term wealth and financial security and strives to assist people in the process of creating wealth through property.
Whether you are a first home buyer or an experienced developer or investor Richard’s passion for property and people combined with his dedication and wealth of property expertise makes him your perfect ally when selling or buying your next property.
I look forward to doing business with you. Please call me anytime.
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