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123 Lower Styx Road, Marshland, Christchurch City

For Sale by Deadline Private Treaty

1m²

11.19ha

National tenant - secure income - resi land bank

• Expansive 11.19ha (more or less) site

• Holding income in place from national brand tenant

• Development potential

• Rural Urban Fringe zoning

On offer is a unique opportunity to acquire an expansive 11.19hectares of rural urban fringe zoned land with passive income.

This picturesque property is boarded by the Styx River with established Willow trees providing tranquility and privacy on three sides of the property.

The property further benefits from a lease to NZME Radio providing income of $76,250 plus GST on a five year term with further rights of renewal.

The radio antenna occupies a small portion of the property providing opportunity for improvements to be added to the property.

For sale by Deadline Private Treaty (unless sold prior) closing at 4pm on Thursday 5 December 2024 at Bayleys, 3 Deans Avenue, Addington, Christchurch.

For further information, please refer to https://www.propertyfiles.co.nz/property/5525473 or contact the sole agents today.

Additional details

Type

Lifestyle Property

Property ID

5525476

Listed on

01/11/2024

Updated

16 days ago

Data

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OneRoof estimateRating valuationProperty history

Rating valuation

Property data

Broadband available

Land area

11.19ha

Type of title

Freehold

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Marshland, Christchurch City

Marshland is a suburb which lies within the Territorial Authority of Christchurch, one of 116 residential suburbs which form the wider region. Marshland is the 43rd largest suburb of Christchurch in terms of the total number of residential housing stock. Marshland provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 2010 - 2019. Residential housing stock in Marshland is made up of approximately 89% residential housing and 11% lifestyle properties.

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