Positioned in the sought-after suburb of Upper Riccarton close to Canterbury University and Westfield Mall, 113 Suva Street presents an exciting opportunity for developers, investors and land bankers alike looking to secure a substantial land parcel with considerable income potential. A savvy investor will spot the obvious upside here.
To view documentation in relation to this property, please copy and paste the link into your web address bar: https://www.propertyfiles.co.nz/property/L43313376
Set on 668m² of HRZ (High Density Residential Zone) land, this property features two homes on one title.
Front house - Currently a 3-bedroom, 1-bathroom Summerhill stone home with substantial decking this could easily be converted to 4 bedrooms for extra income. Periodic Tenancy.
Situated between the two dwellings is a versatile style double garage. Subject to the appropriate council consents this could potentially be converted to a two-bedroom sleep out providing huge upside in rent.
Rear dwelling - Very tidy 1-bedroom, 1-bathroom dwelling with private yard to be sold with vacant possession.
Leave the configuration as they are or tweak to yield a substantial return the choice is yours.
LOCATION, LOCATION, LOCATION
- Conveniently located close to schools and a wide range of amenities, including the University of Canterbury, Bush Inn Centre, Westfield Riccarton, local shops and public transport.
- Whether you're an investor looking to expand your portfolio, a developer exploring future possibilities or a land banker seeking a strategic position in Upper Riccarton, this property deserves your attention.
One thing is certain, our vendor demands a result on or before Auction Day so don't delay your enquiry.
Auction | Wednesday 4 November from 10:00am (unless sold prior), Holmwood Auction Rooms, 397 Ilam Road
assignmentLooking for more information on 113 Suva Street?
Explore comparables, sales history and growth for this property.