11 Jamell Place, Avonhead

Excellent student rental in Avonhead

Auction (unless sold prior)
11am, Thu 29 August 2024
3 Deans Avenue, Addington, Christchurch 8011

Welcome to an exceptional investment opportunity in Avonhead. This property offers an attractive, hassle-free venture with significant profit potential. Featuring six bedrooms and two full bathrooms, 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 is currently leased at $975 per week on a fixed-term tenancy until February 2025. While a new lease is signed for $1,140 per week and will commence February 2025 through to February 2026.

• Six generous bedrooms, designed to accommodate a thriving rental community
• Two bathrooms and two separate toilets
• Rental Income – Currently leased at $975 per week on a fixed-term tenancy until February 2025, with a new lease commencing February 2025 at $1,140 per week through February 2026
• 528sqm (more or less) of freehold, TC1, Residential Suburban zoned land
• Double Internal Access Garage
• Primely located near the University of Canterbury, Westfield Mall, local bars, restaurants, and entertainment venues
• Partially double-glazed and equipped with a heat pump for comfort during cooler months.

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.