Vendor wants to buy an Investment portfolio in Christchurch and sell up in Waipukurau (Hawkes Bay).

Ideal investment property for those wanting to spread their risk outside of Christchurch.

This iconic character building is divided into 5 spacious self contained flats.

The dwelling consists of:

2 x 3 bedroom flats returning $150 & $150 per week

1 x 2 bedroom flats returning $145 per week

2 x 1 bedroom flats returning $125 & $115 per week

The property is capable of returning approx 11% plus (based on 52 weeks). The interior has all been recently redecorated.

Situated near the town centre it is handy to shops and services. Being a large L shaped section of 1219m2 there is ample off street parking.

NB: Any reference to rental yield or annual return is done on a 52 week basis.