House and land - Development opportunity


130 Kerrs Road, Avonside

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House and land - Development opportunity | 130 Kerrs Road, Avonside | 5516495 |      X Close
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House and land - Development opportunity


Auction 12pm, Thu 28 Oct 2021 (unless sold prior)

3 Deans Ave, Christchurch

130 Kerrs Road in Avonside is a mouth watering opportunity for the right buyer to secure a quality development opportunity. With land in short supply and demand for property at an all time high, this could be a fantastic project or long term hold for the eventual buyer.

Currently at the front of the property sits the original three bedroom, one bathroom home which is currently rented on a periodic basis for $350.00 per week. The home offers a spacious open plan living, kitchen and dining room as well as two double bedrooms and one single bedroom. The kitchen is large and offers loads of bench space and storage and while it could benefit from updating it is perfectly functional. Originally built in the 1940's there are glimpses of the original home with wooden panelling lining the hallway area. This home is fully insured but is to be sold on an 'As it is basis'.

The real value of this property lies in the 951sqm TC2 land area which allows for potential subdivision with the original home providing a holding income with the potential to modernise to add further value or to demolish and start again.

At a glance

-951sqm

-TC2 land category

-Residential suburban zoning

-Home fully insured with State Insurance

-Currently rented for $350.00 PW on a periodic basis

-Minor EQC repairs to be completed

-Potential to subdivide

Option a plenty, 130 Kerrs Road could be an ideal next project or an astute addition to an existing portfolio for the eventual buyer. Please contact Shaun or Liam from Bayleys Prestons today to find out more.

To download the property files please visit: https://www.propertyfiles.co.nz/property/5516495

Shaun Creek

Prestons

Licensed under the REA Act 2008

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Liam Worsfold

Prestons

Licensed under the REA Act 2008

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130 Kerrs Road, Avonside

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Shaun Creek

Prestons

Licensed under the REA Act 2008

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Liam Worsfold

Prestons

Licensed under the REA Act 2008

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