Papanui Real Estate

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Canterbury Area
Canterbury Area
proudly marketed by
Braziers Limited
2 x 2 & 2 x 1 Bedroom Units on 936m² of RMD
Don't miss your opportunity to purchase this block of 2 x 2 & 2 x 1 bedrooms units on one title. Situated on 936m2 of prime RMD, TC land. Bulit in the 1960's this block is permanent material brick, iron roof and mixture of aluminium windows and ranchslider and timber windows and doors. (mixture of acrylic, single and double glazed throughout). Each unit has either one large double bedroom and second smaller double bedrooms with built in wardrobes. Tidy kitchen with room for dining table and laundry facilities. Spacious and sunny living area with heat pump. Bathroom with shower over bath, vanity, and toilet. • 2 x 2 & 2 x 1 bedroom flats on one title • 936m² of RMD, TC3 land • Four single garages and off-street parking • Dimensions approx. 22.22m x 45.24 • Good holding income • Great location close to CBD Good long-term tenants in place. Currently rented at $240.00, $310.00, $300.00 & $200.00 per week. Total weekly rental of $1,050.00 per week = $54,600.00 per annum. Zoned RMD, TC3 on 936m² of land, great land bank for future redevelopment. There are four single garages and off-street parking. Prime location on the edge of the CBD in St Albans this property is both handy to the Central City, Edgeware Shops, Merivale Mall, and public transport. Zoned for Mairehau High and Hagley Community College, Heaton School, and St Albans School. Don't delay your opportunity to secure this block, as they don't come up for sale in this location, any investors would be happy to add this property to their portfolio or ideal development site to redeveloped.
Upload by Wayne Hutchinson