12 Rata Street, Riccarton, Christchurch

Investment, Landbank or Development

SOLD

This property is in the popular schooling zones of Girls and Boys High, on 721sqm of TC2 land with potential for redevelopment now or land bank for the future. The land could be utilised for Elderly Persons Housing or has the potential for redevelopment under the new Land Use Recovery Plan (subject to CCC consent). The six bedroom, two bathroom house has been used as a rental property for worker accommodation and as a student rental and is currently vacant but could easily achieve $700 per week plus rental in its current condition. Some of the EQC works have been completed by Fletchers under the original claim number with the remaining claim number available for transfer to new owner.
A great time to secure an investment in such a popular location.