Unit 3 and 4/526 Madras Street, St Albans, Christchurch

Two Properties; One Huge Reward!

Deadline Sale; 1pm, Thurs 9 March 2017 (unless sold prior)
An astute investor often possesses the ability to recognise a unique opportunity; to secure a strategy and capitalise on an income or gain. The two subject units are a desirable proposition seldom found in today's market place. Sold on an 'as is, where is' basis, there is no insurance or EQC claims to transfer to the new purchaser, yet there is a broad range of options that could be applied to Units 3 and 4/526 Madras Street. Both units are available as a combined purchase or individually; both boast a multitude of solutions to repair or re-develop. Built in 1996, the two units comprise three double bedrooms supported by a fully appointed bathroom and an additional WC downstairs. Situated at the rear of the section, both townhouses boast a sunny position and fully fenced grounds. On a, crosslease title but independent from all other dwellings on the site; these properties fall under the purchasing golden rule of Real Estate - Prime Location and are within close proximity to the Edgeware Shopping Centre as well as the prevailing activity within the CBD. Designed to cater to the daily routine of a busy lifestyle, Unit 3 has a flexible floor-plan within the 105sqm footprint. The upgraded kitchen and bathroom add to the overall appeal yet there is still ample scope to update and enhance the decor. A single, internal access garage completes Unit 3. Unit 4 presents generous proportions throughout the 120sqm dwelling and encompasses an open-plan living, kitchen and dining room. Double doors allow access to the surrounding patio and easy care-grounds. Internal access double garage plus ample off-street parking. A fixed tenancy is in place currently returning $400/pw until late March-17. This property is currently managed and financials are available. Our respective vendors have committed to the sale of these two properties therefore creating an incredibly enticing set of circumstances for a potential purchaser. Zoned for Heaton Intermediate and St Albans School.