Investment Block in Desirable Location
Highly sought after block of 4 x 2 bedroom units in this popular location, handy to the CBD and Edgeware Village.
City Centre, 1-4/460 Manchester Street - ref #S1827
- Present Offers
- 8 Bedroom/s
- 4 Bathroom/s
- 2 Garage/s
- Listing #S1827
- Legal descriptionLot 2 DP 3133
- CT number CB 266/237
- Land area 913m²
- Floor area 290m²
- Land zone RMD TC3
- Land value $540,000
- Improvements $270,000
- Capital value $810,000
- Rates $5,531.41 p.a.
- ParkingTwo single garages
- The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.
These large 2 bedroom flats are presented in tidy condition, but would lend themselves well to further upgrading in the future. Spacious kitchens with plenty of cupboards, are large enough to accommodate a dining table. Large lounges and two good size bedrooms with built in wardrobes. Bathroom with shower over bath and separate toilet. Re-clad brick and new ring foundation as part of EQC repair.
Presently owned by a community housing group, this property will be sold vacant (some tenants may be happy to stay and sign a new lease).
Average rental for 2brm units in the St Albans/Edgeware area for the period of 01 July - 31 December 2018 was $310pw with a Lower to Upper Quartile range of $295pw - $345pw. (Statistics sourced from Tenancy Services Market Rent).
All EQC work has been completed. Ceiling and walls insulated with Pink Batts.
To view, call Braziers on 377 7122
Licensed Real Estate Agents
The Real Estate industry recommends that, prior to making an offer on any property, prospective purchasers first seek their own legal advice. Any reference to yield or annual return is shown on a 52 week basis. Third party information from local authorities etc should be checked independently before being relied upon for accuracy.