4-10 Cheltenham Street, Merivale

Options are aplenty with this block of four executive townhouses that are to be sold on an ‘As is, where is’ basis with no EQC or insurance claims transferred to the successful purchaser. Situated in a prime Merivale location that is desired by many and is within close proximity to Hagley Park, Victoria Street, Merivale Mall, many bars and restaurants and the best schools in town. This is a truly magnificent opportunity to acquire and repair or redevelop from the ground up with existing development contribution credits in place. Positioned on approximately 639sqm of land with underlying living 3 zoning which provides an extensive range of development options with council consent. These properties were originally constructed in the late 90s with an approximate floor area of 185sqm each (740sqm total). Modern in design with excellent proportions that are well suited to professional and retired couples who require everyday convenience and minimal associated maintenance. Each townhouse has a light and spacious open plan kitchen, dining and living area with a handy under stair study nook and endless storage. The living portions transition seamlessly to well orientated courtyards that provide endless sun during the day as well as being fully fenced for security and privacy. A practical layout with two very generous double bedrooms and two bathrooms including the master ensuite, well suited as investment properties (three of the properties are currently rented). The townhouses share a large and very convenient basement with allocated carparks and storage space. Zoned for reputable schools including Christchurch Boys’ and Girls’ High School, Heaton Intermediate and Elmwood Primary. Current title structure between the townhouses is unit title with the total block being on freehold estate. Our owners have given us clear instructions to sell on or before auction day, pre-auction offers will be considered.