270/272 Gloucester Street, Christchurch Central, Canterbury

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.*