Upside in the City
Offering five flats within the one building, this property performs well for the current owners but also has growth potential for the new owner taking over. Each flat is individually unit titled and four of them are near identical containing two bedrooms, one bathroom and an off-street car park each, while the fifth has three bedrooms, one bathroom and double garaging.
Full tenancies are in place and while the rents are currently at modest levels, there is potential to move rents now and increase the income further with some internal refurbishment to the properties.
Your tenants will have no trouble getting into town or to the University, as High Street is one of the main bus routes into the city. Alternatively, a 10-minute walk down the hill to the Central Business District, Octagon and trendy Warehouse Precinct caters to your tenants' desire for inner city living.
• Multi-flat property, 5 individually titled flats
• Central City location
• Full tenancies in place
To view a 3D Virtual Tour of the property, click on the "VIEW VIDEO" button above.
For a full Colliers Information Memorandum and additional property documentation, please go to www.colliers.co.nz/209629 and download from our "DATAROOM".
Viewings are by appointment only with the Broker.
Other investment options at www.colliers.co.nz/student-investment