For Sale - Price by Negotiation

This house exudes value for its next owner with great multi income and even sited on 640sqm of good development land, this is a great chance to buy cashflow and landbank for the future.

The dwelling is a 140sqm home that has been split into two flats many years ago. The rear flat is a two-bedroom flat with good size living and kitchen and has use of the large rear section. The front flat is a three-bedroom flat has a separate kitchen and living room and works well for the tenant. Both flats have off-street parking and tenants enjoy the use of the large outdoor areas.

The dwelling has been fully repaired and has a recently painted exterior. Along with the EQC repairs, this property comes with peace of mind in the fact that there are heat pumps, range hoods and extractor fans in both of the flats, meaning it is healthy homes compliant.

Sitting on 640sqm of TC3 Residential Suburban Density Transition land means the site can be earmarked for future development. This is your opportunity to own a great piece of land near Christchurch Central boasting a holding income of $600.00 per week. With the three-bedroom at $310 per week and the two-bedroom at $290 per week. Market rent for three-bedroom's in this area range from $393 to $475 per week, and two-bedroom's from $313 to $350 per week, as per the tenancy services website.

- One x two-bedroom flat and one x three-bedroom flat

- 640sqm of TC3

- Residential Suburban Density Transitional zone

This is a great opportunity to pick up development land with solid holding income.

To download the information pack copy and paste the below link into a new browser:

https://propertyinvestmentchristchurch.co.nz/691-gloucester-street