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1 - 4/11 Longfellow Street, Sydenham, Christchurch City

Auction, 19 Dec 2024 10:00

731m²

A Perfectly Placed Investment - RSDT Land!

We are pleased to present this outstanding opportunity to the market. With potential as a long-term land bank or multi-unit development site (RSDT), this block of four units-fully tenanted and offered as a single package-provides an attractive opportunity for immediate rental income in a highly desirable location. Single-level for convenience and accessibility, the block is clad in low-maintenance Summerhill Stone with easy-care common garden areas and a sunny north-facing aspect. The potential to improve is an exciting prospect, with value underpinned by zoning for sought-after Beckenham School and Cashmere High and a tidy street just a short walk to cafés, shops, library, the farmers' market and river walks.

· Unit 1 comprises two bedrooms, a living room and kitchen, one bathroom with shower over bath and the bonus of a separate laundry.

· Unit 2 includes two bedrooms, a living room and kitchen, and one bathroom with shower over bath.

· Unit 3 has one bedroom, a living room and modern kitchen, one bathroom with shower, and a separate laundry.

· Unit 4 has one bedroom, a living room and kitchen, and one bathroom with shower.

Three of the units each have one allocated carpark in the shared carport to the rear.

With all four of the units currently tenanted (one on a fixed term and the others on periodic tenancy), immediate and ongoing income is a plus, but there is also plenty of scope here to add value with further improvements. Don't miss the opportunity to secure this money-maker. Contact the agent without delay to view.

Info Pack:

https://www.propertyfiles.co.nz/property/11longfellow

Additional details

Type

Unit

Property ID

PI87467

Listed on

29/11/2024

Updated

yesterday

Open Homes1

Sun, 1 Dec

11:25AM - 11:55AM

Auction1

Thu, 19 Dec

10:00AM

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Sydenham, Christchurch City

Sydenham is a suburb located within the Christchurch Territorial Authority. It is a thriving area that ranks as the 18th largest suburb by total housing stock.

Sydenham’s charm is rooted in its heritage, with buildings and residential homes dating back to the 1800s, though the majority of its residential properties were built in the 1970s. Approximately 97% of Sydenham’s housing stock consists of owner-occupied residential properties, while the remaining 3% are investment properties.

Sydenham is a retail and light industrial suburb, and with Christchurch’s City Centre only a short distance away, is a popular choice for those seeking balance between urban convenience and suburban charm. Key amenities and landmarks include Sydenham Park and the Columbo Shopping Centre.

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