9a Gladson Avenue, Sockburn

For Sale – Negotiation over $559,000
 
View – By Appointment
 
The vendors have other business opportunities and are keen to move this one on, with tenants paying $780 per week and mortgage rates sitting so low why wouldn’t you purchase and enjoy the 7% plus gross return?
 
This tidy six-bedroom student rental property has tenants in place till February 2021, tidy property with tidy updated kitchen and bathroom. In the house are three double bedrooms and a tidy bathroom which has a shower, bath and vanity with separate toilet plus a separate laundry room. The further three double bedrooms are located in a modern substantial sleepout which is fully consented and also contains a separate shower and toilet. All this is set on 658sqm of TC1 land, alongside the oversized double garage. Rented until February 2021 at $780 per week, all professionally managed by A1 property management who would be keen to continue.
 
Summary
Six double bedrooms
Two bathrooms
658sqm TC1 land
Modern sleepout
Rented until February 2021 at $780 per week
 
The vendors have done a great job of turning this property into a cash flow machine, well worth a look for any investor wanting to get into the student market.
 
We have more student rental properties available, copy and paste the below link into a new browser to view our current listings. http://propertyinvestmentchristchurch.co.nz/residential
 
This property is on one standard tenancy agreement, it is NOT a room by room rental.
 
Please contact Angela Webb for more information or to arrange a viewing.
 
For any further information please contact Angela Webb via email, phone or text, we are still working hard for our vendors to get a result, we would love to hear from you.