Papanui

3/16 Grants Road

Price Guide: Buy
Enquiries over $659,000
Bedrooms:
2
Bathrooms:
2
Car Spaces:
1

Opportunity Knocks, Invest, Escape or Both?

We present to you, the perfect lock-n-leave furnished city hideaways!
Currently as managed Air-B&B’s, or the opportunity to maximise your returns by managing yourself.
A stylish two-bedroom, two-bathroom, or 3 bed 2-bathroom, two storey townhouses with all the mod-cons.
Tiled bathrooms and showers with underfloor heating, walk-in wardrobes, double glazed, fibre connection and Bosch kitchen appliances.

These can be purchased fully furnished and ready for your choice of use, or empty.

Right now, there are 2 townhouses #3 & #7 which are managed, 2 bed and 3 bed Air-B&B facilities.
The combined occupancy statistics provided by the management company have delivered approx return stats of nearly 9% gross or 5.5% minus management fees, Air-B&B platform and cleaning costs for 2021 (which was a tough year) and they further advise that with open borders and travelers coming to Christchurch, these figures are showing good growth.

These are working properties with options galore. So, whether you are after a passive income stream, or maximizing returns by working the properties yourselves
of one or both, or a mix of a private residence in the city and income or just 2 fully furnished rental properties. Call us now, for further information or to book a viewing of the properties and we will get back to you with an info pack and your earliest viewing options.
Please note pricing is without furniture. We look forward to your call.

*Please be aware that this information may have been sourced from third parties such as RPNZ/ Property Guru/ Land Information New Zealand/ Local Council/ CERA, and we have not been able to verify the accuracy of the same.

Property Type
Residential
Property Category
House
Garages
1
House Size
108.0 Sqm
Land Size
125.0 Sqm

By appointment

One Agency Real Estate Specialists (NZ)
Director
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One Agency Real Estate Specialists (NZ)
LICENSED SALESPERSON
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