Griffioen Real Estate
Real Estate Agents
- Listing #:
- eagle_1386835
- Listed:
- 33 days ago
Negotiation
Consistent Returns, Central Location
48 Bishop Street, St. Albans, CanterburyResidential Unit
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- 8 Bedrooms
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- 8 Bathrooms
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- 8 Toilets
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- 8 Living Rooms
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- 8 Offstreet Car Parks
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- 320m2 Floor Area
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- 703m2 Land Area
About this property
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Explore a solid investment opportunity with this well-maintained block of eight one-bedroom flats in St Albans. Each unit is equipped with essential modern conveniences including a heat pump, refrigerator, and washing machine. Additionally, every flat comes with a storage shed and off-street parking, making it as practical as it is appealing.
The property sits on a substantial 703 sqm corner site and benefits from a steady rental income, with units currently leased for between $290 and $320 per week. Recent appraisals suggest a potential increase, with rates potentially rising to between $330 and $350 per week.
Situated conveniently close to the central city, the block allows easy access to Merivale's shopping and dining options as well as Hagley Park’s expansive green spaces. This is a straightforward, no-fuss investment with the promise of steady returns and the potential for capital growth, suited for investors looking to broaden their portfolio in a location that consistently draws interest.
Seize the opportunity to enhance your portfolio with this prime property. Contact us today to schedule a viewing and discuss the possibilities that await with this strategic investment.
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