Landbank Or Develop? Outstanding Opportunity!
$1,195,000 Plus GST (if any)
311-317 Bealey Avenue Christchurch Central View map
Listing # CIC45283 Listed 23 Dec 2016
About this property
The joint sale of these three adjoining properties in a prominent City position offers the astute purchaser an opportunity to secure an excellent holding income, whilst deciding how to maximise the potential from the site. Consisting of three separate residential properties, over three freehold titles, the total land holding is 1791m2. Each property is currently tenanted, with an annual income of $70,460 p.a. 311 Bealey Avenue is fully insured, whilst 315-317 are uninsured and offered on an As Is basis.
The Residential Medium Density (L3) zoning of the land is advantageous and offers a number of possibilities to reap the rewards from the purchase of the sites. Ideal for staged development, there is potential for a multi-unit townhouse project or a motel or medical facility (with consent). On the north end of the Four Avenues, the location offers high profile and easy access to transport routes.
Our vendor has been presented an unexpected and exciting business opportunity, which means this unique offering is now available for definite sale. Do not hesitate to contact the listing agents for more information.
Commercial for Sale Commercial Land
- 1,790 m2 Floor
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