Multiple Tenancy - Multiple Income Opportunity

Option 1: INVESTMENT

Option 2: HOME WITH INCOME

Option 3: EXTENDED FAMILY

Option 4: DEVELOPMENT POTENTIAL

There are multiple opportunities available with this rare property that sits on 1022m2 of land and consists of a 3-bedroom home with granny flat and two 1-bedroom units.

The property is North-facing, private and situated at the end of a cul-de-sac. All of the properties have indoor-outdoor flow to the outdoor living, decks, grass and pool on the North side.

The meticulous owners have kept this low-maintenance property in very good condition and there is room to add value or explore the development potential with Mixed Housing Suburban Zone.

This property also caters for those needing extra spaces for extended family, allowing everyone to have the security of being close whilst still having spaces of your own.

This tightly held investment (current ownership 17 years) attracts and retains long-term tenants.

Opportunities like this are few and far between.


Features:
- Home with 3 double bedrooms, north-facing living, deck and grass area
- Separate granny flat with kitchenette, bathroom and north-facing patio
- 2x 1-bedroom units with double bedroom, kitchen, bathroom with laundry & north-facing deck with pool views.
- Rental income $107,000 per year (approx.)
- Live in the 3-bedroom home and rent the rest - rental income $69,000 per year (approx.)
- Well maintained, with room to add value
- 2021 Healthy Homes Standards: Insulation, heat pumps and moisture barriers installed and compliant
- Total floor area 302sqm (approx.)
- Land area 1,022sqm (approx.)
- Mixed Housing Suburban Zone
- In zone for St Thomas School & Selwyn College
- Close to public transport and shops