112A Totara Street, Fendalton, Canterbury

112A Totara Street, Fendalton, Canterbury Land Bank or Blue Chip Investment

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Take a 994m2 section in a notable address and mix that with a stellar investment property and you might just have the perfect fusion of real estate excellence! For buyers looking for an established section in a top location this could be the perfect choice, providing a holding income while you progress your plans. Alternatively, a savvy investor receives an excellent return underpinned for the future by the value of the land alone.

Set on a private rear site of 994 sqm, stands a block of three Summerhill Stone units circa 1960s but impeccably maintained and modernised over the years. All three enjoy the use of surrounding land, north west facing for good sun, and single garages. Inside, all kitchens and bathrooms are up to date and each unit has a heat pump. It's easy to see why these have always been in demand rentals returning in excess of $70,000 per annum.

This is a favoured location for many compelling reasons. The pocket of streets named for our native flora and fauna are tranquil and leafy, yet are conveniently positioned close to excellent schooling zoned for Christchurch Girls High School and Christchurch Boys High School and of course the university. Walking these streets is a joy and Deans Bush with it's wonderful Saturday Farmers Market is five minutes away.

After sixteen fruitful years of ownership our sellers have made the decision to cash-up providing this exceptional opportunity for astute purchasers. We urge you to come and visit this idyllic setting and see the value on offer!