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Sold Property
m2
$1,780,000
Sean Innes Harcourts Riccarton
Seldom do opportunities of this nature present themselves to the market in a location such as this, but here is your chance to purchase a block of four residential investment units, each with four bedrooms, that will be the crown jewel of your portfolio.
Located in the heart of Upper Riccarton's student accommodation, residential, shopping and commercial zones, you can be assured your current and future tenant demand will be strong in number and in quality. As you would expect to see in a strategic purchase such as this, the location is backed by prominent features and landmarks such as University of Canterbury, Bush Inn Centre and the Upper Riccarton shopping and amenities district. With all these within easy walking distance the popularity of the location will never diminish.
Along with the four units there is a block of four garages to provide secure parking and storage. Plenty of off-street parking will add to the attraction for future tenants when making their decision where to live.
As always with any great property investment, the land itself is key. Zoned RSDT, and with recent strong rises in value of RSDT sites around Riccarton & Upper Riccarton, you can be assured in the underlying value of this purchase. TC 1 land classification adds further to this package. Consideration must be given to future re-development opportunities to intensify the site.
Tenancies are in place for next year at $ 460 per unit per week.
To download property files, copy and paste the following link into your browser:
https://propertyfiles.co.nz/property/RN7000
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: #RN7000
Office
Licensed under REAA 2008
m2
Sold Property
Seldom do opportunities of this nature present themselves to the market in a location such as this, but here is your chance to purchase a block of four residential investment units, each with four bedrooms, that will be the crown jewel of your portfolio.
Located in the heart of Upper Riccarton's student accommodation, residential, shopping and commercial zones, you can be assured your current and future tenant demand will be strong in number and in quality. As you would expect to see in a strategic purchase such as this, the location is backed by prominent features and landmarks such as University of Canterbury, Bush Inn Centre and the Upper Riccarton shopping and amenities district. With all these within easy walking distance the popularity of the location will never diminish.
Along with the four units there is a block of four garages to provide secure parking and storage. Plenty of off-street parking will add to the attraction for future tenants when making their decision where to live.
As always with any great property investment, the land itself is key. Zoned RSDT, and with recent strong rises in value of RSDT sites around Riccarton & Upper Riccarton, you can be assured in the underlying value of this purchase. TC 1 land classification adds further to this package. Consideration must be given to future re-development opportunities to intensify the site.
Tenancies are in place for next year at $ 460 per unit per week.
To download property files, copy and paste the following link into your browser:
https://propertyfiles.co.nz/property/RN7000
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: #RN7000
Sean Innes Harcourts Riccarton
Office Harcourts Riccarton 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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