13/02/2025
For Sale
Opportunity in Edgeware, Christchurch
Rent out as is and land bank for future development? Renovate and hold for better long term return? Subdivide and sell individually ?
· One title, circa 700sqm RMD land
· GV $1,300,000
· 5x 1 bedroom units, approx. 52sqm each
· Healthy home compliant
· EQ repair work complete, PS1, PS3 and PS4 available to view in the property pack
· Current rental estimate $330pw each - $85,800pa
· After cosmetic updates (new paint, flooring, drapes etc, upgrades to kitchens and bathrooms were applicable) rent could achieve $410pw each - $106,600pa
· Subdivide and sell as individual units, appraisals $360,000 - $390,000 each
· Vacant possession to provide flexibility to the new owner.
Send me a message for more info and a link to the property pack