Glass Miles Limited Mreinz
Real Estate Agents
- Listing #:
- GMR12057
- Listed:
- 18 days ago
Price by negotiation
Investment with Immediate Returns
48 Heywood Terrace, Richmond, CanterburyResidential House
-
- 3 Bedrooms
-
- 3 Bathrooms
-
- 3 Living Rooms
-
- 220m2 Floor Area
-
- 524m2 Land Area
About this property
**Price Now Reduced** Presenting a unique investment opportunity offering multiple income streams in a sought-after location. Situated on 524sqm (more or less) of MRZ-zoned land, this property delivers immediate rental returns alongside 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 $1,130 per week, $58,760 per annum, showing a return of 7.12% on the asking price.
An ideal proposition for investors seeking strong returns now with the added benefit of long-term upside.
Be Quick Phone NOW for details...
Source: As per Property Guru - floor area 220m2, Vendor, CCC.
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