Attention Investors - Great Returns!

76 Sawyers Arms Road, Papanui

 

Property ID: PI66434

12 3 2

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.

Property Information

Property Type

Block of units, Home & income

Roof

Iron

Tenure

Freehold

Property condition

Good

House style

Bungalow

Garaging / carparking

Double lock-up, Off street

Construction

Composite Weatherboard and Brick

Joinery

Timber, Aluminium

Window coverings

Drapes, Blinds

Heating / Cooling

Heat pump

Chattels remaining

Blinds, Fixed floor coverings, Rangehood, Dishwasher, Heat pump, Cooktop, Curtains, Wall Oven, Fridge/Freezer, Microwave

Kitchen

Modern, Dishwasher, Separate cooktop, Separate oven and Rangehood

Living area

Open plan, Separate living

Views

Urban

Outdoor living

Deck / patio

Fencing

Partial

Land contour

Flat

Grounds

Tidy

Water supply

Town supply

Sewerage

Mains

Locality

Close to transport, Close to shops, Close to schools

More Details URL

http://www.propertyfiles.co.nz/PI66434

Cameron Bailey
Cameron Bailey

P03 352 6166

M027 555 7079

Ecameron.bailey@harcourts.co.nz

Brendan Hart
Brendan Hart

P03 352 6166

M027 5106 525

Ebrendan.hart@harcourtsgold.co.nz