135A Totara Street, Riccarton, Canterbury

SoldSep 3, 2025

135A Totara Street, Riccarton, Canterbury

$1,450,000

1136 m²

Unit

•

23 days on the market

Sold: Sep 3, 2025

What's around 135A Totara Street

About this property

To download the Information Pack, copy and paste the URL into your web browser - https://www.propertyfiles.co.nz/property/L29189589 After many years of ownership, the executors of the estate are bringing this property to the market - an exceptional opportunity for astute purchasers. Take a generous 1,136sqm section in one of Christchurch's most desirable addresses and combine it with a solid, income-producing property - this is real estate excellence at its finest! Set privately on a rear section, this superb investment comprises three brick units circa late 1950s. Each unit enjoys sunny, north-west facing living, individual single garages, and access to the surrounding land. All are Healthy Homes Compliant and feature compliant log burners, ensuring year-round comfort for tenants. Currently returning over $60,000 per annum, the property presents options for a variety of buyers: - Developers: Landbank with holding income while planning future development. - Investors: Enjoy a strong yield now with capital

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Seller's review

8 months ago

Verified Review

Duncan McGregor

Duncan dealt with our sale in an impressive professional manner and as it was a multi tenanted property which we were selling he had to work around the requirements of each of the tenants to get access for builders reports ,photographers and prospective purchasers. We achieved a far greater price that we had expected and we had no regrets for selecting Duncan as our agent

Peter Cordner

Seller