8 Bowman Place, Upper Riccarton

Investment excellence in Upper Riccarton

Auction (unless sold prior)
12pm, Thu 15 Feb 2024
 The George, 50 Park Terrace, Christchurch Central City 8013

Welcome to an unparalleled investment opportunity in Upper Riccarton. This property stands as a beacon for those seeking a hassle-free and profitable venture. Boasting six bedrooms and two full bathrooms, this residence is poised to be a lucrative source of rental income. The low-maintenance exterior guarantees maximum returns with minimal effort, positioning this property as an exceptional cash cow investment.

• Six bedrooms: Offering ample space for tenants, this property is designed to accommodate a thriving rental community
• Two bathrooms: Convenience and comfort are paramount, ensuring tenant satisfaction and maximizing rental appeal
•Rental potential: Recent appraisals indicate a potential rental income of up to $900 per week, underscoring the financial viability of this investment
• Freehold land: Situated on 606sqm of TC1 freehold land, providing stability and long-term value
• Double garaging: Ideal for tenants’ parking needs or additional storage, enhancing the property’s practicality
• EQC repairs completed: Ensuring the property is structurally sound and cosmetic repairs completed
• Prime location: Close proximity to the University of Canterbury, Westfield Mall, local bars, restaurants, and entertainment options, making it highly attractive to tenants
• Current lease: The property is currently leased at $875 per week with a fixed term tenancy in place until February 2025, offering immediate and secure returns on your investment
• Partially double-glazed and equipped with a heat pump for those cooler months

Seize the opportunity to own a slice of residential Upper Riccarton where the future looks secure and prosperous. Don’t delay – invest in this exceptional property today and unlock the door to a future brimming with financial success. For more information or to schedule a viewing, contact us now.