Attention Investors - Great Returns!
76 Sawyers Arms Road, Papanui
Property ID: PI66434
An exciting investment opportunity for the astute buyer, this boarding house is set back from the road with off-street parking on a private, 923m2 section just a short walk to Northlands Mall and Zoned Papanui Primary and Papanui High Schools.
Currently presented as a 12-bedroom, 3-bathroom house returning approximately $1600 per week. If you're looking for a smart return on investment with good cash flow, this could be it. Outside is neat and tidy with a communal covered decking area and a large low-maintenance garden with mature trees, providing versatile spaces for tenants to come together, while plenty of off-street parking plus the double garaging gives safe storage options. Zoned RSDT (Residential Suburban Density Transition) there are many options available with this property.
With the potential to add value and the underlying development potential of this land parcel, this fantastic property promises to attract lots of interest!
* Boarding house classification
* Gross income of approximately $83,000 per annum
* 12 bedrooms format with the potential to add value
* 929sqm RSD10 land
* Moments from Northlands Mall
* Off Street parking
To view documentation in relation to this property, please copy and paste the link into your web address bar: http://www.propertyfiles.co.nz/PI66434
Please be aware that this information may have been sourced from RPNZ/LLUR/REINZ/Property Guru/Land Information New Zealand/Christchurch City Council/CERA and we have not been able to verify the accuracy of the same.
Block of units, Home & income
Garaging / carparking
Double lock-up, Off street
Composite Weatherboard and Brick
Heating / Cooling
Blinds, Fixed floor coverings, Rangehood, Dishwasher, Heat pump, Cooktop, Curtains, Wall Oven, Fridge/Freezer, Microwave
Modern, Dishwasher, Separate cooktop, Separate oven and Rangehood
Open plan, Separate living
Deck / patio
Close to transport, Close to shops, Close to schools
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