Prime Location With Holding Income

Bryndwr, 2a, 2b &; 4a, 4b Morley Street & Truman Road

Don’t miss a great opportunity to secure this block of 4 x studio units on four separate titles (Stratum in freehold) situated on a corner section of 690m2 of prime RS, TC2 land.

  • 4
  • 4
  • 0
  • Negotiable Over $879,000

Property Information

  • Listing #S2087
  • Legal description Units A,B,C & D DP 331277 on Lot 37 DP 20995 having share in 690m²
  • CT number CT128747, CT128748, CT128749, CT128750, Supplementary 165871
  • Body Corp. Owner is the secretary.
  • Land Area Share in 690m²
  • Floor Area 31m² each 124m² total
  • Land Zone RS TC2
  • Land Value $66,000 each $264,000 total
  • Improvements $109,000 each $436,000 total
  • Capital Value $175,000 each $700,000 total
  • Rates $1,437.61 p.a. each $5,750.44 p.a. total
  • Parking Off street
  • 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.

4 x fully self-contained studio units. These units are tidy throughout. Each unit has its own kitchen, living/bedroom with heat pump. Bathrooms have a shower over bath, hand basin toilet and laundry. Potential to enhance each unit further, with modernised kitchen, bathrooms and separate courtyard areas. There is one off street car park for each unit and a shared communal shed.

• 4 x fully self-contained studio units.

• 4 x separate titles, stratum in freehold.

• Corner section, 690m2 of RS, TC2 land.

• Good holding income.

• Great landbank for future redevelopment.

Good long-term tenants in place. Currently tenanted at $255pw, $255pw, $259pw and $245 per week. A total of $1,014 per week = $52,728.00 per annum.

Prime location, on corner section of 690m2 of RS, TC2 land. All EQC work has been completed and Insurance is in place with AMI.

Situated in an excellent location close to Jelly Park, CBD, Ilam shops, Fendalton Village, restaurants and bars. Zoned for Burnside High and Cobham Intermediate yet close to Teachers College and Canterbury University.

A great investment block for any investor to add to their portfolio or someone wanting to landbank for future redevelopment in a desirable location.

Our Covid19 Policy is very simple and aimed at ensuring the protection of all our customers and staff. We Require: Verification of your Vaccination Pass for all face to face contact and a mask to be worn at all times.

To view, call Braziers on (03) 377 7122

  • Back

Email Rebecca Manawatu about 2a, 2b &; 4a, 4b Morley Street & Truman Road

Email Neil McLaughlin about 2a, 2b &; 4a, 4b Morley Street & Truman Road