Use this link to download the Property Files: https://www.propertyfiles.co.nz/9KershawPlace
The owner is moving on and wants this property sold, presenting a clear opportunity to secure a freehold MRZ site with genuine upside.
Set on a freehold title in the Medium Density Residential Zone (MRZ), this refreshed one-bedroom home can be lived in or rented immediately, with scope to utilise the rear portion of the site to potentially increase rental yield over time (subject to council approval).
The real value sits in the land.
Concept work has been completed exploring the potential for two, two-bedroom townhouses at the rear of the site, giving buyers a clear starting point when assessing development potential (subject to council approval).
Whether you're looking to:
hold and landbank
add further accommodation to increase returns
explore a townhouse development
or secure an entry-level MRZ site
the flexibility here is what makes this opportunity stand out.
• One-bedroom home, tidy and rentable
• Freehold title
• Zoned Medium Density Residential (MRZ)
• Rear yard with potential to enhance yield (subject to council approval)
• Concept work available for two townhouse development (subject to council approval)
Located close to The Palms, Richmond Park, and everyday amenities, the fundamentals are already in place - it's now about what you choose to do with it.
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.*
