17, 17C and 17E Rochester Street, Linwood, Christchurch City, Canterbury

17, 17C and 17E Rochester Street, Linwood, Christchurch City, Canterbury Multi income, potential for 9%+ yield

Auction (unless sold prior)

12pm, Thu 20 February 2025

3 Deans Avenue, Christchurch 8011

Situated over two titles and a total area of 1,827sqm (more or less) of Residential Suburban Density Transitional zoned land, this investment offers significant potential for a variety of uses. The site is currently developed with three dwellings, plus a massive amount of garaging, providing a diverse range of accommodations and potential for high return with future growth.

• 17E features a four-bedroom, three-bathroom layout with an internal access single garage, plus the unique "treehouse" comprising of one bedroom, one bathroom, and double garage allocation

• 17 consists of a three-bedroom, two-bathroom configuration and a single garage

• 17C includes three bedrooms, one bathroom, and a single garage

• The property also includes a double garage, leased to a builder for maintenance and storage

• Current rental income of $1,880 per week, with potential for further growth

• 1,827sqm (more or less) of RSDT zoned land across two titles

• Future development potential with wide access driveway and generous land area

• Positioned near local bus routes and Eastgate shopping mall, enhancing its appeal to a broad range of tenants

The expansive site offers considerable flexibility for future development or the opportunity to continue generating reliable, high-yielding rental income. Whether you are looking to expand existing operations or pursue a complete redevelopment, this property presents an ideal canvas for a tailored project. Its proximity to the city centre and the new stadium further enhances its desirability, making it a prime choice for investors seeking to capitalize on its location, size, and potential.

The owners are committed to selling on or before auction day. Don't miss the chance to secure this outstanding opportunity and unlock its full potential.

This property is being sold inclusive of GST; however, the vendor is GST-registered.

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