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Seldom available, here is a UNIQUE investment OPPORTUNITY for an astute investor to secure a significant apartment block of 8 units housing mostly long-term tenants. It is well-maintained and sited over 2 freehold titles on 1396sqm.
Since owning the property, the owners have totally gutted the property, renovated, re-clad, re-lined, refurbished and fully insulated it (to meet the current healthy home standard), re-plumbed and re-wired it There is a concrete floor between levels and upstairs rear balconies were added.
Now a very smart set of low maintenance modern units, it is a great start for a new owner.
There are 4-three bedroom and 4 two-bedroom apartments offering modern kitchens all with dish drawers, ceramic hob tops, under bench ovens, rangehoods, stainless steel benches and pantries.
Formal dining and spacious open plan living rooms which either lead out to balconies or courtyards. Heat pumps and double-glazing standard in all units.
The 4 x 2 bedroom apartments all have 2 double bedrooms with triple robes. The 4 x 3 bedroom apartments; 2 double bedrooms and 1 single room / office study all with built in robes.
The bathrooms, also completely updated with freestanding shower, modern vanity separate bath, toilet and laundry with washing machine and dryer. Great storage throughout, well carpeted and tiled, neutral decor and plenty of natural sunlight. The building is of very sleek appearance with permanent materials and light-weight roof. Each unit has off-street covered parking and a private lockup utility shed for storage. Communal easy-care gardens and washing lines. Situated in a quiet cul-de-sac in an up-and-coming suburb of Christchurch just minutes from the city centre by car, and on the public transport route and just walking distance to restaurants, bars, and the local New World.
It is a development with a great cash flow, long term tenants and has always been easily rented. To download the property files please copy/paste the link propertyfile.nz/9-siddal-place
Dining
Open plan dining rooms.
Kitchen
Tasteful and ever lasting Stainless steel benches and white joinery. Hob top and underbench oven, dishdrawer, rangehood.
Bedrooms
4 x 2 double bedrooms apartments with double built in robes.
4 x 3 bedroom apartments 2 double bedrooms and 1 small single room/office study all with built in robes.
Bathrooms
8 Bathrooms all with separate shower cabinet, separate bath, vanity unit, toilet, and built in laundry with washing machine and dryer.
Laundry
Laundry is in the bathroom well positioned behind the door, comes with washing machine and dryer.
Garage
Each unit has carport parking and a utiliy shed.
Outdoors
Outdoors: complex 'are' communal.
Rateable Value
$1,790,000
Rates: $13,428.35
Living Area
Spacious living areas that flow out to either a patio or balcony.
Chattels
Dishdrawer x 8, Rangehood x 8, Electric hob x 8, Electric oven x 8, Heat pump x 8, Fixed floor coverings, Window treatments, Light fittings, Clothesline communal, Washing machine x 8 Dryer x 8
Legal Description
LOT 1 DP 25444, LOT 3 DP 23532
Legal Estate: Freehold
CT: 5C/1285 and 7C/117
Make an Enquiry
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Enquire about this property