39 Vagues Road, Northcote, Christchurch, Canterbury

To download the information for this property, please copy this link into your web browser: https://www.propertyfiles.co.nz/vaguesroad.39

Introducing 39 Vagues Road, a prime development opportunity in the heart of Northcote, Christchurch. This 728m2 freehold site comes with approved consents for five architecturally designed townhouses with internal access garages, offering a streamlined path for developers and investors to capitalize on Christchurch's growing property market.

Unit 1:

Bedrooms: 3

Bathrooms: 2 (including one ensuite)

Unit 2:

Bedrooms: 3

Bathrooms: 2 (including one ensuite)

Unit 3:

Bedrooms: 2

Bathrooms: 1.5 Bathrooms

Unit 4:

Bedrooms: 3

Bathrooms: 2 (including one ensuite)

Unit 5:

Bedrooms: 3

Bathrooms: 2 (including one ensuite)

Key Features:

-Consented Development: Plans approved for five modern townhouses, reducing lead time and development costs.

-Strategic Location: Situated in Northcote, a suburb experiencing steady growth, with proximity to Northlands Mall, quality schools, and public transport links.

-Existing Dwelling: The property currently features a 150m² residence built in 1950, offering potential rental income or accommodation during development.

Investment Highlights:

-High Demand Area: Northcote's residential appeal ensures strong buyer interest upon project completion.

-Infrastructure Growth: Ongoing developments in Christchurch enhance the area's desirability and long-term value.

-Favorable Market Conditions: With the Official Cash Rate (OCR) at 4.25% and potential further reductions, borrowing costs may decrease, improving development feasibility.

Next Steps:

Seize this opportunity to invest in a project with significant upside potential in a city poised for continued growth. For detailed plans and to arrange a site visit, please contact us today.

Key Details:

Land Area: 728m2

CV: $870,000

LV: $680,000

IV: $190,000

Rates: $4,888.98

Built:1950

School Zones: Marian College & St Joseph's School (Papanui)

Legal Description: Lot 1 Deposited Plan 17321

Certificate of Title: Freehold

DEADLINE Closes Tuesday 4th February at 3pm (Unless Sold Prior)

To download the information for this property, please copy this link into your web browser: https://www.propertyfiles.co.nz/vaguesroad.39

Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.