If you want to line your pockets then look no further.

In the heart of St Johns this 3 unit leasehold property is a wonderful investment with an annual gross return of over $64,000 with all 3 units rented. If you minus off the $15,600 ground rent (a 21 year lease from September 2006 renewable in September 2027) and the ACC rates, you are left with a healthy return.

Units 1 and 2 both have two bedrooms with long term tenants who are happy to stay - only the 3 bedroom Unit is at present up for grabs. Requiring a refurbishment there is scope to upgrade and increase your return or simply move in and enjoy an easy care lifestyle and elevated views.

The brick and metal weatherboard units each with a carport share the large site of 688sqm, plenty of room for the children to play.

If location is paramount then make a note to view this opportunity with shops, parks and transport all within walking distance and the bonus of being in zone for both St Thomas and Stonefields School and Selwyn College.

All conjuncting Agents welcome. For a viewing appointment call Suzie Cox on 027 2783 269