Location: 106 Olliviers Road, Phillipstown, Christchurch

This property consists of 3 x 5 Bedroom Townhouses, each with 2 bathrooms and a double internal garage. Currently all houses are rented with annual return of $90,000.00 ,Previously each home was rented on a per room basis and in total returning $125,000 per annum.

On the ground floor of each townhouse there is a formal entry with a hallway leading to 3 double bedrooms, bathroom with separate toilet, laundry and spacious double garage with internal access.

The upper floor is accessed by a carpeted staircase and opens through to the kitchen and living room. Lots of kitchen storage. The dining area adjoins and opens onto a balcony. There are also 2 expansive double bedrooms on the upper floor. The main bathroom has a separate shower and vanity with a separate toilet and hand basin.

All of the townhouses are of similar layout albeit with reverse configuration. Very minor earthquake damage has been fully rectified and signed off.

All properties have full insurance at a cost of around $5,600 with rates at approximately $7,040 both including GST for the 3 separately titled properties (which could be sold individually).

Public transport handy.

Currently the 3 properties are owned by the Vendor's company and the total shares in this company with all assets (the 3 homes), but no debt, is for sale at the asking price of $1,440,000 plus GST (if any).

Property Details:

• Land Size: 612 m2
• Dwelling Area: 498 m2