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Sold Property
$1,200,000
Alison Aitken Harcourts City Christchurch
Opportunities such as this self-managed accommodation complex are seldom available and the benefits are obvious. The six refurbished two bedroom units provide a comfortable and sound investment opportunity, with an additional common room/office space downstairs which provides still more possibilities.
Rent has been assessed at $1,780pw on a fully occupied unfurnished basis but you may well achieve more, offering the units as fully furnished short-stay accommodation. You and/or your tenants will appreciate the well-maintained grounds, solid construction and sunny northern aspect.
Add to this the underlying value of the freehold 1,012m2 site, with zoning for CBHS/CGHS and dual access from Caledonian Rd & Colombo St. You may even decide to landbank with future redevelopment in mind; the location has tremendous appeal and is experiencing great urban renewal. On your doorstep are easy transport links to the city (bus stops & cycle way) with the amenities of Edgeware Village just steps away.
While selling to free up some capital for their next endeavour the current occupants have indicated they would be interested in continuing with several short term leases - meaning you may have ready-made tenants! Low in its maintenance and solid in its construction this is one you wouldn't want to miss out on!
To download the documents please visit the link below (or copy and paste into your web browser):
http://www.propertyfiles.co.nz/property/CR36527
Property ID: #CR36527
Office
Licensed under REAA 2008
Sold Property
Opportunities such as this self-managed accommodation complex are seldom available and the benefits are obvious. The six refurbished two bedroom units provide a comfortable and sound investment opportunity, with an additional common room/office space downstairs which provides still more possibilities.
Rent has been assessed at $1,780pw on a fully occupied unfurnished basis but you may well achieve more, offering the units as fully furnished short-stay accommodation. You and/or your tenants will appreciate the well-maintained grounds, solid construction and sunny northern aspect.
Add to this the underlying value of the freehold 1,012m2 site, with zoning for CBHS/CGHS and dual access from Caledonian Rd & Colombo St. You may even decide to landbank with future redevelopment in mind; the location has tremendous appeal and is experiencing great urban renewal. On your doorstep are easy transport links to the city (bus stops & cycle way) with the amenities of Edgeware Village just steps away.
While selling to free up some capital for their next endeavour the current occupants have indicated they would be interested in continuing with several short term leases - meaning you may have ready-made tenants! Low in its maintenance and solid in its construction this is one you wouldn't want to miss out on!
To download the documents please visit the link below (or copy and paste into your web browser):
http://www.propertyfiles.co.nz/property/CR36527
Property ID: #CR36527
Alison Aitken Harcourts City Christchurch
Office Harcourts City Christchurch Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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