SOLD
25A Auburn Avenue, Upper Riccarton
Entry-level investment offering a strong yield
SOLD
This exceptional property offers significant potential for substantial rental income with minimal effort. Comprising four bedrooms and one bathroom, this asset is perfectly positioned to generate impressive returns as it is, or increase your income by adding a sleep-out and/or additional shower to maximise your return. Its low-maintenance design further enhances its appeal, ensuring optimal performance with minimal oversight.
• Four bedrooms
• One bathroom
• Currently leased at $640 per week until November 2024
• Rental appraisals indicating potential weekly returns up to $740.00 per week
• Zoned TC1, Residential Suburban
• Healthy Homes compliant
• Off-street parking
Situated in a sought-after location near Westfield Mall and the University of Canterbury, this property attracts a wide spectrum of tenants. Its proximity to key amenities and esteemed educational institutions promises a steady stream of potential renters, minimizing vacancy periods and maximizing rental income.
The current owner is exiting the residential investment market, presenting a unique opportunity to acquire a valuable asset in Upper Riccarton with strong future prospects. Don’t miss out on securing this promising investment.
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Our Award Winning Team
Angela Webb
Angela Webb heads up Bayleys Canterbury’s residential investment division and a team of five like-minded sales professionals. With an extensive career in this very specialised sector...
Grace Bruere
As an integral member of Angela Webb’s team, changing people’s lives for the better underscores everything Grace does. She loves nothing more than seeing the joy on her clients’ faces...