Prized Investment Location
Welcome to 5 Highgate Avenue, Merivale! This stunning property offers a multitude of possibilities with its 2 x 3 bedroom semi-detached properties on a spacious 600 sqm land area.
Purchase as an outright investment or home and income, the two cross lease properties are being sold together. Total rental income is $980 per week, Flat 1 is on a periodic tenancy, Flat 2 is fixed term tenancy until 18 February 2024.
Built in the 1980s, these properties boast a generous total building area of 285 sqm, offering plenty of room for easy comfortable living. The kitchen and dining areas can be used separately to the lounge rooms. Heat pump heating or cooling adds to the convenience and efficiency of each of these properties. The front flat enjoys a north facing aspect and it is filled with natural light and sunshine as a result. The brick exterior and concrete tile roof offer durability and low maintenance.
Highgate Avenue is a very desirable and peaceful location. These properties are close to transport, shops, and schools, providing easy access to all local amenities.
Don't miss out on this fantastic opportunity! The property is being sold by Deadline Sale (unless sold prior), be sure to enquire for further details and make this the jewel in your crown for your investment portfolio.
Source: Christchurch City Council, RPNZ, LINZ, landcheck.org.nz, Vendor, Vendor's Agents.