Auction (unless sold prior)
12pm, Thu 28 November 2024
3 Deans Avenue, Addington, Christchurch 8011

Welcome to an exceptional investment opportunity in Ilam. This property offers an attractive, hassle-free venture with significant profit potential. Featuring seven bedrooms and three bathrooms (two separate toilets), it is ideally suited for generating substantial rental income. The low-maintenance exterior ensures maximum returns with minimal effort, making this residence a prime cash flow investment.

A smooth rental transition is promised with the property currently leased at $1,435 per week on a fixed term tenancy until January 2025. While a new lease is signed for $1,435 per week and will commence January 2025 through to January 2026.

• Seven generous bedrooms, designed to accommodate a thriving rental community
• Three bathrooms and two separate toilets.
• Large floor area of 270sqm (more or less)
• Currently leased for $1,435 per week on a fixed term tenancy until January 2026
• 520sqm (more or less) of freehold, TC1, Residential Suburban zoned land,
• Single garage included
• Primely located near the University of Canterbury

This property offers a compelling combination of reliable rental income and significant potential for future capital growth. With existing tenants providing immediate cash flow and a new lease locked in for the 2025 – 2026 student year, this secure opportunity is not to be missed.

Our motivated vendor is eager to pursue new projects and is keen to finalize the sale on or before auction day. Secure this outstanding investment today and enjoy the benefits of a sound and profitable addition to your portfolio.

To download the Property Files, copy and paste the below into a new browser: https://www.propertyfiles.co.nz/5525665