Investment Opportunity – Modern Townhouse Overlooking St James Park

Offers Over $565,000

Private Sale

Please Note - Photos are from a similar unit in the complex which was taken at completion.

Situated in one of the best positions within this quality Mike Greer Homes development, this modern two-bedroom townhouse offers a fantastic opportunity for investors seeking a low-maintenance property with secure rental income in the heart of Papanui.

Overlooking St James Park with direct gated park access, the property enjoys a peaceful outlook while being only minutes from Northlands Shopping Centre, cafés, supermarkets, public transport and Christchurch CBD.

The property is currently tenanted under a fixed-term tenancy until 1 June 2027, making it an ideal investment with immediate rental income from settlement.

Features:
Two double bedrooms with built-in wardrobes
Modern kitchen with quality SMEG appliances
Open-plan kitchen, dining and living
Contemporary bathroom
Heat pump and double glazing
Private front and rear courtyards
Direct gated access to St James Park
Designated Car park
Healthy Homes compliant
Built by Mike Greer Homes
Master Build Guarantee (transferable, subject to Master Build's transfer requirements)

Investment Information:
Current rental income: $540 per week
Fixed-term tenancy: Until 1 June 2027
Body Corporate levy: $4,406.15 per annum (includes contributions to the long-term maintenance fund)
Council rates: $3,825 per annum

As an added benefit, the Body Corporate levy has already been paid through to 12 May 2027, and this will not be adjusted at settlement, providing an immediate saving to the purchaser.

We've enjoyed owning this property as an investment and have been fortunate to have reliable tenants who take great care of the home. We have simply decided it's time to simplify our investments and let someone else enjoy the benefits of owning this well-located property.

Please get in touch if you would like further information or to arrange a viewing.

Parking/Garaging Info

Dedicated parking space in complex

Special Features

Enclosed Garden.

Locality / Area

Walking distance to Northlands Shopping Centre .
Overlooking St James Park with direct gated park access .
Close to cafés, restaurants and everyday amenities .
Excellent public transport links .
Easy access to Christchurch CBD (approximately 10 minutes by car) .
Close to Christchurch International Airport (approximately 15 minutes by car) .
Zoned for Papanui High School .
Close to Heaton Intermediate School .
Close to Papanui Primary School .
Nearby St Bede's College .
Nearby Marian College .
Convenient access to Main North Road and State Highway 1 .
Close to medical centres, pharmacies and supermarkets .
Walking and cycling tracks nearby .
.
One of the best-positioned townhouses within the development, enjoying a peaceful park outlook rather than facing neighbouring units..