• Sold
Cashflow Queen!
Cashflow Queen!
Cashflow Queen!
Cashflow Queen!
Cashflow Queen!
CURRENT BID $815,000 - UNDER OFFER

For sale by Openn Negotiation (flexible conditions online auction).

This 1906 villa is your quintessential student flat that is adored by tenants year after year. A substantial refurbishment in 2015 setup the property to meet all the fundamentals to keep your tenants happy, including a renovated kitchen and bathrooms, spacious bedrooms and even a ventilation system to keep them healthy and dry, and therefore easier to heat.

Happy tenants are great tenants and with a new tenancy already in place for 2021 at $930 per week, the high cashflow allows for great returns too. The Vendor has found this property easy and profitable to own, but a new era in life means he is selling out his portfolio of student flats and he has saved the best for last. This is a must sell in one of the most stable and proven markets in New Zealand.

•Close location to both university and polytechnic, plus the Logan Park sports area and Forsyth Bar Stadium
•Rented to six females for 2021 already at $930 per week
•Renovated substantially in 2015

Enquire early to receive the full suite of property reports we have and see if this is the right property for you. Instructions on how to bid in this online digital auction will be sent with your enquiry.

Viewings are by private appointment only with our Brokers.

Other investment options at https://www.colliersotago.co.nz

Ref #: 20467393
  • 16/08/2020
  • Contact our experts for details on this transaction.