4 x 2 Bedroom Units

A fantastic opportunity to purchase a good size block of 4 x 2 bedrooms units, all on one title, located on 951m2 of RMD, TC2 land.


Phillipstown, 1-4/55 Olliviers Road - ref #S1886

  • Present Offers
  • 8 Bedroom/s
  • 4 Bathroom/s

Property Information

  • Listing #S1886
  • Legal descriptionLOT 1 DP 3816
  • CT number CB20F/1205
  • Land area 951m²
  • Floor area 240m²
  • Land zone RMD TC2
  • Land value $430,000
  • Improvements $310,000
  • Capital value $740,000
  • Rates $5,473.47 p.a
  • The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.

These units are permanent material, concrete block, and roughcast with iron roof. Each unit having refurbished kitchens, spacious and sunny living area, two double bedrooms with wardrobes. Bathroom with shower over baths, one with separate shower, vanity, toilet and laundry faculties. Six carports at rear of property and off-street car parking at front.

Potential exists to develop an area where a cottage has been removed, subject to CCC approval.

All EQC repairs have been completed. An insurance pay-out of $18,000 for driveway to be transferred to purchasers at settlement. Insurance in place with AMI.

Good holding income of $310, $310 and $305 per week respectively. Flat 3 is currently vacant and being advertised at $310 per week, providing a potential total weekly rental of $1,235 per week = $64,220 per annum.

Area average rentals for Linwood/Phillipstown for a 2 bedroom unit median rental is $300pw, upper quartile $330pw and lower quartile $285pw, sourced from Department of Building and Housing as of 30/09/2019.

Situated in a great rental location close to Eastgate Mall, the CBD, local amenities, Olliviers Reserve and Edmond Park and public transport.

Ideal for any investor to add to their portfolio. Be quick here, phone now for details.

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To view, call Braziers on 377 7122

Braziers Limited MREINZ
Licensed Real Estate Agents

Neil McLaughlin

03 963 3944 (DDI)
027 432 4290 (Mobile)

Rebecca Manawatu

03 963 3942 (DDI)
021 570 156 (Mobile)

The Real Estate industry recommends that, prior to making an offer on any property, prospective purchasers first seek their own legal advice. Any reference to yield or annual return is shown on a 52 week basis.  Third party information from local authorities etc should be checked independently before being relied upon for accuracy.