Ray White Timaru
Real Estate Services
- Listing #:
- TIM30421
- Listed:
- 211 days ago
Offers over $1,450,000 for Both Properties
Big Returns, Two Multi Units
40 - 42 Church Street, Timaru, TimaruResidential House
-
- 7 Bedrooms
-
- 4 Bathrooms
-
- 370m2 Floor Area
-
- 1,046m2 Land Area
About this property
Offers over $1,450,000 for both properties,Land bank with great ROI. This investment opportunity comprises two substantial buildings containing 8 flats in total on an 1888m2 commercial site on 4 titles located at 40-42 Church Street and 46-48 Church Street. With an approximate annual ROI of $164,840, this property offers a lucrative investment opportunity for those looking to capitalize on the commercial market. Units 40-42 have had a major renovation with all new interiors. NBS ratings for 40-42 is 67% and the rating for 46-48 is 75%, Both are above EQC code. Great central location, just a walk to town and the polytech and the bay. Potential to develop the sites
Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.
Organise your power in 2 mins
Check out whether you can get fibre internet
Meet your new neighbours on Neighbourly
