1 and 2, 63 Ranui Street, Timaru, Timaru

A range of opportunities - invest or develop

1 & 2, 63 Ranui Avenue are offered for sale together as one parcel or as part of a larger parcel in conjunction with 18, 18A and 20 Hobbs Street and 1-4/59 Ranui Avenue.
•632sqm (more or less) site on two cross lease titles
•Comprising two residential flats returning a total of $25,480 p.a
•Zoned Residential 2 under the Timaru District Plan

These 1980's built attached flats are brick/block exterior, with a tile roof and shared driveway access. They are in good original condition and could be further enhanced with modernisation.

Unit 1 is positioned closest to the road, is in tidy condition and is well laid out for easy living. The kitchen dining area opens onto the living room and down the hall are two good sized bedrooms and a bathroom. Parking is provided to this unit by a single lock up garage located between the two units 1 & 2 and a tidy garden area.
Unit 2 has a sunny open plan living, dining kitchen area that opens onto a sunny north facing deck and level garden area. This unit is also complemented by two good sized bedrooms and a bathroom. Parking is provided by a single carport located at the end of the driveway.

Located just off State Highway 1, between the city centre of Timaru and the commercial suburb of Washdyke, this property is positioned in close proximity to the City's largest Supermarket and is located near several other commercial retailers. The site is only a fifteen-minute walk to a few of the popular local amenities including Caroline Bay and the City's Aquatic and fitness centre.

Investors - these properties provide a solid investment opportunity in central Timaru.
Developers - purchase these properties as part of the larger parcel and take advantage of the holding income while formulating your plans for the future development of your site.

Do not miss this opportunity! Call now for full information.