Brilliant Investment Opportunity!

Amberley, 6a&b, 8a&b & 8c&d Ropley Street

This is a unique opportunity to secure three adjoining properties over three separate titles. These properties consist of three blocks of two, having two, three-bedroom units on each title (one has three bedroom/converted garage).

  • 18
  • 6
  • 6
  • Price by Negotiation

Property Information

  • Listing #S2108
  • Legal description Lot 1, 2 & 3 DP 324996
  • CT number 100812, 100813 & 100814
  • Land Area 700m² 700m² 679m² 2079m² Total
  • Floor Area 142m² 199m² 192m² 533m² total
  • Land Zone Hurunui District Residential 1A
  • Land Value $105,000 each $315,000 total
  • Improvements $275,000 x 2 $255,000 x 1 $805,000 total
  • Capital Value $380,000 $380,000 $360,000 $1,120,000 total
  • Parking Internal access single garage plus additional on-site parks
  • 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 units were relocated onto their current sites in 1980-89. Cladding is a mixture of Hardys weatherboards and coloursteel weatherboards with coloursteel iron roofs.

• 6 flats, 3 blocks of 2, consist of 2 x 3 bedrooms flats = 18 bedrooms • Three separate freehold titles • 700m2, 700m2 & 679m2 on Residential 1A zoned land • Six internal access single garage, plus plenty of off-street parking • Good holding income • Great landbank for future redevelopment.

Good holding income, currently rented as follows: $320, $320, $295, $325, $320 & $315 per week. A total weekly income of $1,895 per week = $98,540 per annum, potential to increase rental return with some long-term tenants in place.

Located in Amberley township, off the main highway road, yet close to local shops, restaurants, supermarket, Chamberlain Park and Amberley Domain. Whether you live or work locally or out of town, its approx 40 minutes’ drive to Christchurch CBD with the Northern motorway and new bypass.

These properties would make an excellent addition to add to your property investors' portfolio. To be sold together as one package or sold as three separate titles.

To view, call Braziers on (03) 377 7122

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Email Rebecca Manawatu about 6a&b, 8a&b & 8c&d Ropley Street

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