Long tenure of tenancy speaks volume of the location. An opportunity for investment, land bank and redevelopment which you should not miss.
This fully tenanted block of 3 units offers an immediate income stream underpinned by the security of solid and low maintenance Summerhill Stone construction in a sought after location.
3 x 2 bedroom units on 961m2 section. Zoned Residential Suburban Density Transition zone.
Situated within walking distance to Hagley Park and close proximity to Riccarton Mall and the surrounding restaurants and cafe.
These units have scope to enhance. Or for the bold and the blessed to embark a development project.
Don't delay as opportunities in this location are rarely offered to the market.
Zoned Christchurch Boys' High and Christchurch Girls' High.
Flat 1 is currently rented at $295 per week with internal access garage. Periodic tenancy.
Flat 2 is currently rented at $280 per week with external garage. Tenancy ends on 3 December 2020.
Flat 3 is currently rented at $285 per week with external garage. Tenancy ends on 30 April 2021.
Whether you plan to rent and hold or redevelop the 961m2 site, be assured the owners are wanting one option - to be SOLD!
Unit 1: GV: $425,000 (Land value: $350,000, Improvement: $75,000)
Unit 2: GV: $355,000 (Land value: $270,000, Improvement: $85,000)
Unit 3: GV: $380,000 (Land value: $290,000, Improvement: $90,000)
To download property information, please go to this link and fill the form:
https://www.propertyfiles.co.nz/property/AH5408
*Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.
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