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Listed 25 days ago

ID#460875

Sydenham

Christchurch City
Offers
8
4
4
708
* = 0 sq.ft. 708 = 7,618 sq.ft.

AS IS WHERE IS - 4 x 2 Bedroom Units

A fantastic opportunity to purchase a good size block of 4 x 2 bedrooms units, all on one title. Situated on 708m2 of prime RMD, TC2 land. To be sold "AS IS WHERE IS" with no EQC or Insurance.

There is potential to remediate this block of flats and enhance each unit further. Each unit having an open plan kitchen, dining and living area with balcony. Separate toilet. Two double bedrooms with built in wardrobes and their own ensuite, with shower, vanity and toilet. All units have their own north facing courtyard. Four double garages with laundry facilities and off-street parking.

- 4 x 2 bedroom units on one title.
- 708m² of prime RMD, TC2 land.
- To be sold "As Is Where Is" No EQC or Insurance.
- Dimension approximately - street frontage 20.11m x 35.18m deep.
- Rating Valuation $1,120,000 as of 2019.
- Four double garages with off-street parking.

Good holding income of $315, $320, $310 and $295 = a total of $1,240 per week = $64,480 per annum, with potential to increase rental return.

Area average rentals for Sydenham/Waltham for a 2 bedroom flat, upper quartile $360pw, median $320pw and lower quartile $300pw, sourced from Department of Building and Housing as of 30/06/2019.

Situated on the edge of the CBD, this is a great rental location close to The Colombo Mall, Beckenham Shops, Barrington Mall and local amenities, supermarket and public transport.

Ideal for any investor or builder looking to add to their portfolio. Be quick here, phone now for details.

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Agents

Rebecca Manawatu

Brazier Property Investments Ltd MREINZ

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

Rebecca can pack into a few hours what others take all day to do. Her knowledge and enthusiasm for new developments and property refurbishments have seen her sought out by some very prominent developers. Attention to detail is one of Rebecca's strengths, combined with an easy manner make for a wonderfully relaxed but efficient service provided for her clients. Rebecca often works with the new apartment, investment and residential home market, and thus has a variety of clientele on her purchasers database to suit a wide variety of property types. Failing this, her efficient organisation of a marketing plan will cover most other potential purchasers.

Rebecca is a property investor.

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Neil McLaughlin

Brazier Property Investments Ltd MREINZ

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

After many years of selling both Residential and Residential Investment property, Neil has gradually shifted towards adding Commercial sales to his repetoire. As many of our client's portfolios include both Residential and Commercial Investment, Neil has a foot in both camps and tends to the needs of investors from both fraternities.

Neil is a keen property investor and has been investing in the Christchurch market for 20 + years. His need to keep abreast of all that is happening in the local market for his own sake is also readily utilized by his loyal and new clients alike.

Neil is a property investor.

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This property was photographed by

Wayne Hutchinson

Canterbury

Listed 25 days ago

ID#460875

Sydenham

Christchurch City
Offers
proudly marketed by
Rebecca Manawatu Neil McLaughlin
Brazier Property Investments Ltd MREINZ
Rebecca
021 570 156
Neil
027 432 4290
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