The property offers an opportunity to secure a reliable investment in a central city position, just minutes to the Octagon. Its prime position appeals to young professionals and students alike and the six bedrooms and three bathrooms is a popular sized property that offers a large cash option for an investor’s portfolio.
The proactive investor would look to buy and hold initially and potentially renovate to improve and increase returns in years to come. Our growing city is feeling the effects of an emergent construction industry and swelling student numbers with forecasts tipped to play favourably for central city property owners.
Rented for 2020 at $750 per week, you can take your time to plan over the next year with immediate security in the return it offers. With the rent being modest for this size property, the opportunity to improve the property and increase rental returns seems reasonable.
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A full Colliers Information Memorandum and additional property documentation is available to download from our Data Room accessed through the "DATAROOM" button above (on desktop version only, not mobile).
Viewings are by private appointment only with our Brokers.
Other investment options at www.colliers.co.nz/student-investment