2/9 Maxwell Street Riccarton, Christchurch City

Superbly positioned for convenience and zoned for great schools, this robustly built two-bedroom unit ticks all the boxes as a hands-off, no-brainer investment! A 5-year lease to Kainga Ora until 31st December 2027 has been renewed, guaranteeing regular ongoing income with the lessee managing the property and internal maintenance required - as part of the lease agreement

Annual rent: $20,800 (12 monthly payments of $1733.33) with a 2% annual rent increase as part of the lease terms

Viewings are arranged by appointment only
Next viewing - 4.30pm Sun 30th April
Please contact me if you would like to view at this time or if you would like to arrange a different time.

propertyfiles.co.nz/property/MCN35734 - includes the lease agreement.

A further bonus of this property is that you will have access to tax benefits in regard to interest expenses. For clarity, check with your accountant for your eligibility.

Low maintenance, guaranteed return!
The Lessee (Kainga Ora) shall be responsible during the term, at its expense, to repair and maintain the interior of the premises and all fixtures, fittings, chattels (excluding Essential Services) and keep any exterior grounds, yards and surfaced areas comprised in or forming part of the premises in a tidy condition, and maintain any garden or lawn areas. The owner is only responsible for the exterior and structural nature of the property, common areas and fencing. Refer to the lease for further information

Unit features:
Open plan kitchen, living with consented conservatory accessed through sliding doors. (NB: Conservatory does not appear on the flat plan)
Two double bedrooms, with built-in wardrobes
Highwall heatpump in living room and wall-mounted heaters in bedrooms
Single garage and one off-street park are added bonuses

With Westfield mall across the road, quality schools, and services so handy and the simplicity of a managed rental investment that generates a healthy return is a no-brainer for the astute investor

Immediate action is advised!