Sunny Investment Villa – 8% nett return
This substantial, modernized seven-bedroom, two-bathroom villa is an ideal cash flow generating asset. The location is suited to both students and workers wanting a more homely, quiet environment and the main bus route is just metres away to quickly whisk them into town for university or work.
The property enjoys excellent sun on a north-west facing section with off-street car parking while the house has been fully rewired and renovated internally in the past and comes fully furnished. The exterior is now due for an upgrade and the rent levels are considered low in comparison to studio room style properties. The property has been priced accordingly for you to make improvements and deliver a healthy cash return.
• Spacious seven-bedroom, two-bathroom villa with off-street parking
• Contemporary kitchen and bathrooms renovated in past years
• Exterior work due to be upgraded and rents could be improved
• Superb investment opportunity with positive cashflow
• Priced accordingly at $575,000, offering an approximate 8% nett return as is
To view a 3D Virtual Tour of the property, click on the link above.
For a full Colliers Information Memorandum and additional property documentation including building, electrical and LIM reports, please go to www.colliers.co.nz/210626 and download from our "DATAROOM" button (on desktop version only, not mobile).
Viewings are by appointment only with the Broker.
Other investment options at www.colliers.co.nz/student-investment