Hands Off Investment!

Addington, 13/10 Collins Street

Standalone two-bedroom townhouse. Low maintenance. The construction is brick with coloursteel title roof, easy care ground on a freehold title, situated on 157m2 of RMD, TC2 land.

  • 2
  • 1
  • 1
  • Negotiable Over $429,000

Property Information

  • Listing #S2118
  • Legal description Lot 13 DP 370722
  • CT number 286595 (Freehold)
  • Land Area 157m²
  • Floor Area 80m²
  • Land Zone RMD TC2
  • Land Value $95,000
  • Improvements $170,000
  • Capital Value $265,000
  • Rates $1,965.02 p.a.
  • Parking Single internal access garage with automatic door, off street car parking
  • 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.

This is about as hands off as they come and situated in a top location in Addington!

With just under 3 years remaining on this Kainga Ora Lease, simply collect the rent each week and never miss a payment.

• Two double bedrooms with built in wardrobes.

• Open plan kitchen, dining & living area .

• Good indoor-outdoor flow.

• Bathroom with shower, toilet and vanity.

• Easy care and fully fenced courtyard .

• Built in 2006 double glazed aluminium joinery.

• Leased to Kainga Ora until 29th June 2024.

• LIM report available, Insulation Certificate, Fibre.

• Single internal access garage with automatic door and laundry facilities, off street car parking.

Good holding income, currently achieving a fantastic $350 per week = $1,516.16 per month. Lease to Kainga Ora until 29th June 2024. Yearly rent reviews, the next review is June 2022.

Addington has been voted as one of the nation’s sweet spot winners in Christchurch. Located only 950 meters away from Hagley Park and 2km to the Christchurch Hospital and Metro Sports facilities and pool, 3km away from the Riverside markets and The Crossing in the CBD. Orange theory Stadium, Christchurch Area, Addington Raceway and Tower Junction close by.

Kainga Ora is Social Housing, under new tax laws, interest payments should be allowed - exception on tax deductibility (Purchasers should seek professional advice).

Addington is an affordable option for astute Investors or Mum and Dad investors starting out, looking for property for their children’s future housing. This opportunity will suit someone who wants to add a low risk, hassle-free investment property to their portfolio and watch it grow for years to come, giving the next person the opportunity to reap the rewards of living in or renting out.

Our Covid19 Policy is very simple and aimed at ensuring the protection of all our customers and staff. We Require: Verification of your Vaccination Pass for all face to face contact and a mask to be worn at all times.

To view, call Braziers on (03) 377 7122

  • Back

Email Rebecca Manawatu about 13/10 Collins Street

Email Neil McLaughlin about 13/10 Collins Street