Prime Location - 2 x 2 Bedroom Units

A rare opportunity to purchase this block of 2 x 2 bedroom flats in such a prime location. Situated on one freehold title of 663m2 of RS, TC2 land.

Constructed in 1960-69, permanent material brick, double glazed aluminium joinery with timber joinery doors and Zincalume coated steel roof. Most of the external walls have been insulated and insulation in ceiling and under floors. Some rewiring upgraded with LED Lighting and new mains switchboards to both units.

This block is well maintained and in great condition, with both units having modern kitchens with electric hobs, under bench ovens, rangehoods and room for a dishwasher (not provided) and plenty of bench space and cupboards and laundry facilities. Open plan kitchen, dining and spacious living area with heat pumps. Good indoor-outdoor flow to the private and sunny northwest facing patio area and easy-care grounds and garden. Fully fenced. Good quality carpets, drapes, vinyl floors and neutral decor throughout and LED lighting. Two large double bedrooms with built in wardrobes. Bathroom with separate shower and vanity. Separate toilet.

• 2 x 2 bedroom units on one title
• 663m2 of RS, TC2 land
• Each unit has a single lock up garage.
• Dimensions approx street frontage 17.16m x 37.21m
• Good holding income
• Great school zones

Great holding income, currently rented at $485.00 and $485.00 per week. Returning $970.00 per week = $50,440.00 per annum. Good tenants in place with room for improvement on current rental levels in the future.
Zoned RS, TC2 on 663m2 of land, great land bank for future redevelopment. There is a single garage for each flat with automatic doors. The driveway has been replaced and some new stormwater drains and sewer.

Prime location in Strowan, this property is both handy to Merivale Mall, Fendalton Village and local shops in Bryndwr, yet close to the Central City and Elmwood Park and Hagley Park all close by. Zoned for Christchurch Girls and Boys High Schools, Burnside High and Heaton Intermediate.

If you are looking for a low maintenance investment block in a prime location then this is the block for you. Ideal home and income or land bank for future redevelopment.