8 and 14 McLeod Street, Richmond, Christchurch

As is, Where is - Land Bank

Two as is, where is houses both deemed fixable, sited on 1,214sqm of Residential Medium Density (old L3) zoned land in two titles.

House number 14 is a three bedroom, one bathroom family home that has been rented long term to a family at $330 per week, some upside in the rental.

House number 8 is a five bedroom home with two bathrooms rented at $680 per week.

As an investment, both houses are professionally managed giving you the opportunity to sit and wait for the inner city development market to heat up, this would put you in a prime position with land only 500m from the four avenues.

As a developer, the opportunity is there to build on the back of the sections and repair the front two houses OR demolish the lot and do a townhouse development.

The houses are positioned in quiet street with the surrounding area made up of a collection of old villas alongside new townhouses with a bright future ahead being positioned in one of the last affordable areas so close to a promising inner city.

Bargain opportunity here as the owner is highly committed to selling, and both properties will be sold as one lot.

Keep in mind this property is being sold on an 'as is, where is' basis with no claims transferred to the successful purchaser.

To download the information pack please copy and paste the following link into a new browser: http://propertyinvestmentchristchurch.co.nz/555384.