Cashflow Ready Investment

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Cashflow Ready Investment

48 Heywood Terrace, Richmond, Christchurch City

220

524

**7.64% Return on Asking Price** A standout investment opportunity delivering multiple income streams in a highly desirable location. Set on 524sqm (more or less) of MRZ-zoned land, this property offers immediate rental income with the added advantage of future land-banking or development potential.

The 220sqm (more or less) dwelling has been configured into three self-contained flats, providing flexibility and maximising yield.
• Flat 1 features one bedroom, an open-plan kitchen and living area, and a bathroom.
• Flat 2 offers a generous bedroom, separate kitchen and living areas, and a bathroom.
• Flat 3, located upstairs, includes a large sunny bedroom, a separate lounge, kitchen, and bathroom.

Currently returning: Flat 1 - $370pw (going to $380pw), Flat 2 - $375pw and Flat 3 asking $420pw (currently vacant)
Total potential - $1,175 per week, $61,100 per annum.

An ideal proposition for investors seeking strong returns now with the added benefit of long-term upside.
Be Quick Phone NOW for details... **Price Recently Reduced**

Source: As per Property Guru - floor area 220m2, Vendor, CCC.