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Off Market

270/272 Gloucester Street

Christchurch Central Canterbury

14
8
4
1010 m²
Block of units
John PhillipsJohn Phillips, last sold this property on 09 February 2024 after 536 days on market.

Overview

Inner City Investment Or Land Bank

Consisting of fourteen bedrooms, eight bathrooms, four lounges and currently occupied by a Charitable Housing Trust, this centrally located property on 1010sqm (approx.) offers a variety of options to an investor, or perhaps a landbank opportunity for future development, taking advantage of the Governments new housing density rules. The property will be sold with vacant possession. The complex consists of three buildings, totalling approximately 440sqm, the front two being mirror images of each other, built in 2014 and each consisting of five bedrooms, two bathrooms, kitchen/dining , laundry and lounge. The rear building, built in 2019, contains four ensuited units, an office, large kitchen and toilets and a very large communal recreation area. All building are well insulated, well heated and double-glazed. With the Ara Institute minutes away, tourism numbers picking up rapidly and the demand for social housing at an all-time high, this property will be an attractive proposition for an investor or housing provider. Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.*

Features

14 bedrooms
8 bathrooms
4 carspaces
4 open car spaces
1010 m² floor area
Block of units

Estimated Value

We need at least 3 similar 14 bedroom block of units sold in Christchurch Central over the last 12 months.

Property history for 270/272 Gloucester Street

2024
Sold
Undisclosed
09 Feb 2024 by John Phillips, of Harcourts Avonhead (Grenadier Real Estate Ltd)

Happy sellers in Christchurch Central

68%
68% of sellers in Christchurch Central reported that their sale price either exceeded or met their price expectations.

Christchurch Central stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 84 reviews in Christchurch Central over the last 12 months.

Local market activity for 14 bedroom block of units in Christchurch Central

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