University Rental with Development Potential

19 Chatham Street, Christchurch, Canterbury

Property Details

  • Type
    Freehold
  • Location
    Christchurch, Canterbury
  • Price
    Enquiries Over $359,000
  • Rental Income
    $500 per week
  • R.V.
    $375,000
  • Lot Size
    500
  • Property Size
    140
  • Bedrooms
    4
  • Bathrooms
    1
  • Carparking
    Off street parking

University Rental with Development Potential

If you have been looking for a university rental with future development potential for a bargain price, then you have come to the right place. Here lies an exceptional opportunity to purchase this 4-bedroom character bungalow situated on 500m2 of RMD, TC2 land.

After 10 successful years as a rental, my vendors plan to develop has changed so you’re in luck. Ideal site and opportunity for the astute purchaser to reap the rewards of instant cash flow from the current long-term tenants paying $500 p/w and to position yourself for the future by land banking this strategically positioned development site. Close to the University, Hospital, City Centre, main arterial routes and zoned for CHCH Boys and Girls High School, this property will be sure to appeal to several tenants as it stands and several future tenants and purchasers if developed.

With some minor deferred maintenance issues accounted for in the sharp pricing, this opportunity won’t be around for long. Contact Slade immediately for more information.



Email Slade Hocking



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