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Addington, 16 Crohane Place

Streams of Income...X3

$495,000 Plus GST (if any)

Listing Number: CIC46256
About this listing
$495,000 (inclusive of GST)

With 1 tenant anchoring this investment for the nearly 30 years and two other flats (1 of which has been recently renovated and is currently vacant) offering 3 income streams, this well-appointed property converted into 3 x flats makes for a solid investment opportunity with scope to enhance and increase the rent.

Located handy to transport routes and all amenities including the new Metro Sports Facility currently under construction and easy access into the city. With other projects now taking precedence, the astute investor-owner of this high performing investment property for the past 20 years is not testing the waters and is now keen to pass this property to the next custodian.

Property configured as:
Flat 1: 1 bedroom flat (vacant & now renovated). Was rented @ $210pw prior to renovation to a previous long term tenant.

Flat 2: 2 bedroom flat rented @ $300pw fixed term until 27/05/2018

Flat 3: 2 bedroom flat rented @ $150pw to a long term tenant since 1989.
Property Information
  • Tenure: Fee Simple
  • Property Type: Other (Investment Property)
  • Tenancy 1: Tenant Name: Please contact Agent for Tenancy Information

Contact Details

Christchurch City Commercial

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Avenue

Property Location

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