69 Linwood Avenue, Linwood

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

This investment opportunity, specifically designed for cashflow investors, features a complex of six residential units comprising of five three-bedroom units and one two-bedroom unit located on the tree-lined Linwood Avenue. Secure this property with potential for an 9% return, making it a prime candidate for those aiming to enhance or diversify their investment portfolios.

• Five three-bedroom units and one two-bedroom unit
• Five off-street car parking spaces
• Weekly rental income totaling $3,135
• 1,011sqm (more or less) of TC2 RSDT zoned land
• Currently tenanted, ensuring a smooth transition for the new owner
• Proximity to Eastgate Mall, within walking distance

The property encompasses 1,011sqm (more or less) of TC2 Residential Suburban Transitional Density zoned land and is ideally situated along a major arterial route connecting the city and sea. With all units under a single title, property management is streamlined, offering a seamless addition to your investment strategy.

Each unit is thoughtfully designed for comfort, featuring modern finishes, a bathroom, a functional living area, and a heat pump for climate control. The current owners are pursuing new ventures and require this property to be sold on or before auction day.