Tenanted live / work investment

2/54, Magdala Place, Middleton, Christchurch City

Price On Application

Proposed Usage
Floor Area
150.00 m²
Property ID

This well located tenanted investment presents a great opportunity to an astute investor wanting a residential/commercial investment which is higher yielding than most residential investments.

The property consists of a two bedroom live work/hobby apartment boasts 55sqm of warehouse/storage, 25sqm of office/amenity and two car parks. Nestled in the premium location of Wigram on Magdala Place, this unit presents a great opportunity for small businesses or hobbyists alike. The upstairs apartment is well appointed with a modern kitchen and bathroom. It has a great balcony overlooking its own private garden area.

•Returning $24,000 + GST and outgoings per annum
•Two bedroom apartment
•Approximately 55sqm warehouse/storage
•Approximately 25sqm office/ amenity
•Approximately 17sqm of mezzanine

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Middleton Area