Positioned within the four avenues and within walking distance to the town centre, this property is split in to two titles, offering a total 1,049sqm site, boasting a 29.7 metre (approx.) street frontage. This makes the perfect site to redevelop the land and capitalise on being within the four avenues. With CCC zoning being Central City Residential, this combined site accommodates a 14-metre height restriction.
These two properties offer a unique opportunity for developers and investors. Extensive upgrades and reno's have been completed on all six units, which are housed in two 1910 villas which now accommodate six individual units with a total of eleven bedrooms. All six units are tenanted, and the new purchaser will benefit from an immediate income of $90,450 per annum.
316 Armagh Street:
- 2 x 2 bedroom units
- 2 x 1 bedroom units is comprised of two, two bedroom units and two, one bedroom units
- Neutral décor throughout and upgrades completed, these are great rentable units.
318 Armagh Street:
- 1 x three bedroom, two bathroom unit
- 1 x two bedroom flat.
- Both have been extensively renovated to incorporate new kitchens, bathrooms, refreshed carpet and modern interiors.
Be a part of the new Christchurch Central District area!
316 and 318 Armagh Street are being offered to the market on an 'as is, where is' basis; no insurance or EQC claims will be assigned to the new purchaser.
* To download the Information Pack , copy and paste the URL into your web browser-
https://www.propertyfiles.co.nz/property/CR38849
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
$1,210,000 1 & 2/8a Kauri Street, Riccarton
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