440 Worcester Street, Linwood, Canterbury

Calling all Developers and Investors, just listed, 440 Worcester Street is on the market to be sold ‘As Is, Where Is’.The 868m2 parcel of land being zoned TC2 and CCC Residential Medium Density Zoned opens up possibilities for multi-unit development, which could be a lucrative venture down the line.Located in a direct line into the central city and with dedicated cycle lanes makes for an easy commute for those who work in the CBD. Shops and bus stops are meters up the road. The house itself was built in the early 1900’s. Approximately 200m2 it was divided into four single-bedroom flats in the ‘60s. A new roof was installed in recent years however, overall, the house is in need of some attention. It will be sold in an “As Is, Where Is’ condition.Currently rented with four reliable tenants already in place is generating a good return on investment of $1,010 per week which is certainly appealing. Additionally, the potential for future development due to its zoning adds another layer of value.The city is changing at a rapid speed with so many exciting new builds going up in and around the city, opportunities such as this are getting snapped up quickly. It makes for superb buying where you can sit tight and land bank for now knowing you have time to plan out your build whilst earning an income. Don’t let this one slip through your figures.Viewing is by appointment only. Make sure to get in touch today by contacting Kate 021 705 045 to find out more.To access the Property Files please copy and paste this link into a new window.https://www.arizto.co.nz/property-search/440-worcester-street-linwood