8 Westmont Street, Ilam

Premium location, high-yielding rental

Situated in a highly coveted location just a short walk or drive from the University of Canterbury, this property encompasses 809sqm of freehold, TC1 zoned Residential Suburban land. Offering two single-level buildings, it provides comfortable accommodation comprising seven bedrooms and two bathrooms. The main house, constructed in the 1960s, features four double bedrooms, a modernized kitchen, and a sunlit living area equipped with a heat pump and HRV system. Adjacent, the contemporary consented sleepout boasts three bedrooms, a fully double-glazed environment, and a bathroom with shower and toilet facilities.

• Main house is configured of four bedrooms and one bathroom
• Sleep out is configured of three bedrooms and one bathroom
• Single lock up garage provides ample space for tenant’s storage needs
• 809sqm of TC1, Residential Suburban zoned land
• Renting currently for $1,220 per week until November 2024
• Located close to the University of Canterbury

Currently leased at $1,220 per week until November 2024, this ensures a dependable and consistent income stream.

The property presents an exceptional investment opportunity, ideally positioned for proximity to educational institutions and offering potential for future growth. The owners are motivated to sell at auction.