Whittle Knight
Real Estate Agents
- Listing #:
- RX3881575
- Listed:
- 354 days ago
$460,000
Unique Cash-Flow Proposition
252 Bealey Avenue, Christchurch Central, CanterburyResidential House
-
- 8 Bedrooms
-
- 8 Bathrooms
-
- 8 Toilets
-
- 8 Living Rooms
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- 345m2 Land Area
About this property
VIEWING BY APPOINTMENT ONLY.Enquire today, phone: Guy - 0278196066.
Asking:
(1) in current status (resource consent expiring at the end of the year): $620k, the settlement date: 22/12/2024.
(2) with a 12-month extension granted: $660k and settlement date: 22/12/2024.
(3) with a 18-month extension granted: at $680k and settlement date: 22/12/2024.
With the rental return currently at $99,000 p.a. and an underlying freehold site of approximately 345m2 of central city zoning, this is a unique prospect for the astute.
Initially set up as temporary accommodation, these self-contained units have been very effective. The council has allowed the units to continue as accommodation through the end of 2024.
By 2025, the astute purchaser will have numerous options, from remodelling the current units to a compliant standard or selling them individually and developing the valuable land (which allows for building up to 15m in height - in accordance with CCC land zoning rules).
Set yourself up with a great source of passive income, or make your own profits by selling the containers. Individual self-contained 'tiny homes' or 'container homes' retail at a good price!
Each unit has its own power metre and is fully furnished with a sofa, TV, dining table and chair, microwave, bar fridge, jug, toaster, portable oven and bed. A separate unit hosts the shared facilities of a washing machine and tub.
Enjoy the fantastic income for 2024 and make something of the future opportunity.
It is a unique proposition that could be a real money-maker for the astute.
Property Files: propertyfiles.co.nz...
*Please be aware that this information may have been sourced from Google Maps for approximate times/distances, RPNZ/ Property Guru/ Land Information New Zealand/ Christchurch City Council/ CERA, and we have not been able to verify the accuracy of the same.
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