6A Tonga Place, Riccarton

Modern build 7% plus return 

Price by Negotiation

Seeking a profitable investment featuring remarkable returns and an excellent location? This extraordinary property, featuring six bedrooms and six bathrooms built in 2017, is meticulously crafted to offer comfort, convenience, and a strong rental income.

A new 12-month lease has been successfully signed for the rental property, commencing on December 1st at a rate of $1,350 per week, bringing in a remarkable return of 7% plus. Presently, the property consistently yields a reliable weekly income of $1,255 per week. Settlement can be tied into when the new lease kicks in giving you instant rental gains and an income for the next year from day one.

• Six bedrooms, six ensuites
• Rental $1,350 per week from 1^st December
• Built 2017
• Current rental $1,255 per week
• Settlement flexible

Positioned in a highly desirable locale close to Westfield Mall and the University of Canterbury, this property appeals to a wide spectrum of tenants. Its proximity to key amenities and esteemed educational institutions guarantees a consistent flow of potential occupants, effectively reducing periods of vacancy and optimizing your rental revenue.

Constructed with careful consideration in 2017 to meet the preferences and demands of modern tenants, this property was designed with their needs in mind. The ongoing growth and improvement in the area are likely to enhance property values in the future, adding further value to your investment. You can proceed with confidence, assured that your investment will experience gradual appreciation over time.

This is an opportunity not to be missed. The reliable rental income and the potential for future capital growth combine to present an enticing prospect with this investment. Furthermore, the bonus of acquiring the property with existing tenants in place and a new 12-month lease signed for December 1st, guarantees instant cash flow and a sense of security.