This is an excellent opportunity that should be seriously considered by investors, land bankers, builders and developers. To be sold on an ‘as is, where is’ basis with no EQC or insurance claims transferred to the successful purchaser. Positioned on a generous 1,384sqm rear section that is CERA zoned TC2 and has subdivision potential (with council consent). On site is a large 320sqm weatherboard dwelling that was constructed in the 1910’s. Some time ago the property was divided into two units which has provided a healthy stream of rental income for our client. The front unit is split between two levels and has six bedrooms and two bathrooms, currently returning $590 per week. The rear unit is a single level layout that has two bedrooms and one bathroom. At the rear of the section is a separate dwelling with an incorporated single garage and rooms that could be used for further accommodation or office space. In zone for Papanui High School, Cobham Intermediate, Heaton Intermediate and Waimairi School. We have numerous reports that are available to help with your due diligence. Current rateable Land Value is $450,000 and the combined Rateable Value is $1,020,000.
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