25, 27, 29, 31 & 33 Erica Street, Papanui, Canterbury 8053

Representing an incomparable offering in today's market, this colossal 5885m2 parcel of land on five titles is being sold on an 'as is, where is' basis and provides developers with the opportunity to secure a prime piece of real estate.

Comprising Wendover Retirement Village and two adjoining residential homes in a desirable pocket of Papanui, the potential of this unique property is limited only by your imagination.

The considerably sized rest home is made up of 46 bedrooms and while it was occupied until the end of August 2019, the building did suffer earthquake damage and is now vacant.

Adjoining the rest home is each of the residential dwellings, the first of which is a three-bedroom, one-bathroom home on a single title.

The other is a substantial five-bedroom, two-bathroom house on two titles, and although both residential properties are also being sold 'as is, where is', they do benefit from a level of insurance.

The direction is yours to choose; you could look to remediate all of the properties, or perhaps explore the idea of demolition as the site is eminently suitable for total redevelopment with the land zoned residential suburban.

If your sights are set on development, then rest assured you're in excellent company courtesy of neighbouring Erica Reserve which backs onto the outstanding enclave of Taunton Green.

Buyers with vision will immediately appreciate this exceptional prospect and seize the opportunity to secure this remarkable offering that is beyond compare. Contact me for more information.

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Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same Property ID: #CR38836