347 and 349 Hereford Street, Linwood, Christchurch City, Canterbury

Auction: 11am 30 October 2024 - On Site

Viewing by Appointment

Welcome to an exceptional investment opportunity at 347 and 349 Hereford Street, ideally situated close to the bustling heart of Christchurch Central. Offering a unique blend of historical charm and modern potential, this property spans two titles within a single parcel, encompassing a generous 1016 square metres (more or less). With its prime location close to the city centre and the upcoming new Te Kaha Stadium, this property is brimming with possibilities for astute investors, developers, and those looking to land bank.

The property comprises two buildings, each with its own distinct character and potential for versatile use. Together, they house a total of 8 bedrooms and 4 bathrooms, allowing for a variety of configurations to suit diverse tenant needs. Currently, there is a rental arrangement in place, yielding $1,230 per week. 347 is one dwelling and 349 are two flats.

Inside, both buildings present a mixture of traditional and contemporary elements. Each building offers ample internal space, providing flexibility for redesign or refurbishment tailored to maximise their rental potential.

Externally, the two titles merge seamlessly into a single contiguous parcel of RMD, TC2 land. This expanse offers incredible scope for development, whether you're considering new builds or expansions of the current structures. The substantial land size opens various possibilities, making it an attractive proposition for those looking to secure a long-term investment in a prime location.

One of the standout features of this property is its strategic location. Nestled close to Christchurch Central, it's within easy reach of the city's key amenities and attractions. The upcoming new stadium will undoubtedly add significant value to the area, further bolstering the attractiveness and potential for capital growth. Public transport links, shopping precincts, and entertainment options are all within convenient proximity, making this an ideal location for potential tenants.

Now is the time to seize this unprecedented investment opportunity. With its dual-title land, substantial rental income, and prime central location, 347 and 349 Hereford Street offer an array of possibilities for the discerning investor. Whether you're looking to develop, land bank, or simply enjoy a steady rental income, this property has something to offer. Contact us now to arrange a viewing or for more detailed information. Don't miss your chance to secure a prime piece of real estate in the upcoming auction.