Mike Pero Real Estate Bryndwr

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Real Estate Agents

Mike Pero Real Estate Bryndwr
Mike Pero Real Estate Bryndwr
169E Wairakei Road
Bryndwr
Christchurch 8053
Listing #:
RX3092586
Listed:
12 days ago

Set Sale

Tue 14th Dec 6:00pm

Unique Development Opportunity with Income

101 Springs Road, Hornby, Canterbury
Residential House
bedroom
3 Bedrooms
bathroom
1 Bathroom
livingroom
2 Living Rooms
carparkgarage
8 Car Garages
floorarea
340m2 Floor Area
landarea
1,492m2 Land Area
About this property
This large 1492m2(more or less) site located in a residential zone near Wigram Sky's is primed for land banking and future development with great cash flow in the meantime from the fully leased workshop and house located on the property.

Returning $56,160 pa gross, from the one tenant, this is an easy care hassle free investment to add to your portfolio. Being a commercial lease there maybe beneficial tax benefits available to you which are not available, now days, under a straight residential investment. Of course you would need to check this out with your accountant and while you do that you should also check out the GST benefits as the vendor is not registered for GST.

The property was originally set up a gas station servicing the local community and was later used as a car dealership/workshop. Following the earthquakes structural strengthening has been under taken to the workshop.

The property consists of a main workshop with vehicle pit, a prep bay, office/display area, staff kitchen, toilet and tyre bay at the front with a storage shed at the rear. The villa consists of four double bedrooms, one opening out to a deck, lounge, dining room, kitchen, bathroom, large laundry/service room and separate toilet. The villa was reroofed in 2016 and painted in 2017. Out the back is a large portion of land which is currently used to store/display cars.

This property offers many options for the entrepreneurial investor who likes a twist and the ability to add value and make a capital gain. With the new government intensification rules coming into effect in August 2022 this property could represent such an opportunity! Call Billy for further Information. DEADLINE CLOSES: 6pm 14th December 2021, unless sold prior.

Disclaimer:
Please be aware that this information has been sourced from third parties. View our property information disclaimer here: mikepero.com/property-disclaimer/
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