1 x 4 & 1 x 3 bedroom houses on 1012m2

Great opportunity to purchase 1x4 bedroom house & 1x3 bedroom house on one freehold title. Located on 1012m2 of RS, TC2 land.
• Dimension approx 20.11m x 51.27m
• Ratable Valuation $720,000
• Good holding income
• Landbank for future redevelopment
1-30 Sheldon Street - 4 bedroom house has an updated kitchen with plenty of bench space & cupboards, with room for dining area with heat pump with adjoining living area. 4 double bedrooms with wardrobes. Modern bathroom with separate shower & vanity, separate toilet & laundry. There is a decking area which is private for entertaining & plenty of off-street car parking at the rear of the section.
2-30 Sheldon Street - Three bedroom, two storied houses. Upstairs having a tidy galley style kitchen, open plan to the living room and dining area with heat pump. Good access to balcony and external stairwell. Three double bedrooms, two upstairs and one downstairs. The bathroom has shower and vanity. Separate toilet laundry facilities downstairs with additional living space and good access to patio area. Plenty of off street car parking.
Each house having their own grassed courtyards & garden area. There is plenty of off-street parking at the rear of the property, giving the new purchaser the option or possible potential for minor dwelling (subject to council approval) or additional temporary accommodation to add value and increase rental return. Great holding income, the front property is currently vacant with a rental assessment of $635.00per week & with the back being a long-term tenant of 10 years rented at $390.00 per week on periodic tenancy. Potential total weekly income of $1,025.00 per week = $53,300.00 per annum. Situated in a handy location close to local amenities at Woolston & the Tannery Shop. Only a short drive to Ferrymead, Sumner & New Brighton. Zoned for Te Aratai College, Opawa & Te Waka Unua Primary Schools. A great opportunity to purchase for any investors to add to their portfolio or developer looking for their next development site or ideal for owners' occupiers to have a home & rental income.