Now priced to sell, make no mistake (almost 20% below RV).
Perfect for the savvy investor.
Inner city investment with a long history. Five flats have been virtually fully let for many many years, providing long term accommodation with flats offering 4 bedrooms, 3 bedrooms, and 3 x 1 bedroom plus a studio. Excellent rental return with "a generous yield" makes this stack up as a good short term hold, a do up project, or a re development option. You can be the judge for the best use of this prime north-facing corner site.
An easy walk to the city center. Fantastic profile for a home based business.
Combined RV is $1,510,000 which is $900,000 plus $610,000.
Viewing by appointment. Please phone or text.
The key - 5 flats, 2 titles, 683 sqm CCD should lighten the development contribution component for redevelopment of this 683 square meter proposition, zoned Residential City Central (highly intensive).
Current annual Rental is a combined, just on $100,000 per annum.
Our vendors decision is resolute after some 20 years of ownership, the need has now arisen for the capital to be used for a new chapter in life.
All offers to be presented on Wednesday the 6th of September at 4pm (Unless Sold Prior)
Property files available for download here: https://www.propertyfiles.co.nz/property/RN7531
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.
Now priced to sell, make no mistake (almost 20% below RV). Perfect for the savvy investor. Inner city investment with a long history. Five flats have been virtually fully let for many many years, providing long term accommodation with flats offering 4 bedrooms, 3 bedrooms, and 3 x 1 bedroom plus a studio. Excellent rental return with "a generous yield" makes this stack up as a good short term hold, a do up project, or a re development option. You can be the judge for the best use of this prime north-facing corner site.
An easy walk to the city center. Fantastic profile for a home based business.
Combined RV is $1,510,000 which is $900,000 plus $610,000.
Viewing by appointment. Please phone or text.
The key - 5 flats, 2 titles, 683 sqm CCD should lighten the development contribution component for redevelopment of this 683 square meter proposition, zoned Residential City Central (highly intensive).
Current annual Rental is a combined, just on $100,000 per annum.
Our vendors decision is resolute after some 20 years of ownership, the need has now arisen for the capital to be used for a new chapter in life.
All offers to be presented on Wednesday the 6th of September at 4pm (Unless Sold Prior)
Property files available for download here: https://www.propertyfiles.co.nz/property/RN7531
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.