Central city investment


1-8/316 Hereford Street, City

By Negotiation

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Central city investment | 1-8/316 Hereford Street, City | 5516011 |      X Close
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Central city investment


Price by negotiation.

Please phone for viewing times.

Block of eight x two-bedroom townhouses which sit side by side on the site, producing solid rental returns. All are on individual titles with a combined area of 1,047sqm in the Central City, zoned Commercial Central City Mixed Use land and only a block from the future Canterbury multi-use stadium.

At 80sqm per townhouse, there is a generously sized kitchen, separate lounge, laundry and second toilet on the ground floor. The second storey offers a double bedroom, plus a large double bedroom with its own sun-soaked balcony and full bathroom with a second toilet. Some of the units also have a private courtyard and all come with a detached carport at the rear of the premises. There is scope to add further improvements to the units, which will see higher rents being achieved, or just keep up the maintenance with a view to redevelop. Christchurch's new stadium, which is only a block away is expected to open at the end of 2024 and will add value to this sought after land.

Completely tenanted and currently returning $123,760 per annum, all EQC repairs are completed and fully insured. 1047sqm of freehold prime central city development land with a height overlay of 17 metres.

Summary

-Eight x two-bedroom townhouses

-Eight individual titles

-Great multi income property

-TC2 and Commercial Central City Mixed Use

-Eight carports

-EQC repairs complete and fully insured

-Generous 80sqm sized units

-Potential to add value

Our vendors have maintained this investment for almost two decades and are ready to retire. This is your opportunity to secure your future in this ideal location.

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

https://propertyinvestmentchristchurch.co.nz/1-8-316-hereford-street

Persephone Singfield

Christchurch

Licensed under the REA Act 2008

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Angela Webb

Christchurch

Licensed under the REA Act 2008

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1-8/316 Hereford Street, City

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