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(0.33 Acres, 0.13 Ha)
House converted into 1 x 3 bedroom and 1 x 2 bedroom flats, PLUS a standalone 2 bedroom unit and block of 2 x 1 bedroom flats. A combined total land area of 1333m² of prime RMD, TC2 zoned land situated in two titles.
- 488m² & 842m² = total of 1333m² of RMD, TC2 zoned land.
- Rating Valuation $305,000 & $355,000 as of August 2018.
- Two single garages, one carport and plenty of off-street car parking.
- All EQC repairs have been completed.
- Insurance in place.
Good holding income of $1,332 per week, with new weekly rental of $1,381 = $69,264 per annum, as of 7th February = $71,812 per annum. Showing 7.98% on the asking price.
Situated in a prime location, close to local shops and within walking distance to Beckenham Shops and Sydenham square. Zoned for Cashmere High, Christchurch South Intermediate and Beckenham School.
A great land bank for future development.