WATER VIEWS, 22.8% BELOW RV !!!! HOUSE PLUS SECTION

Listing Number:  846
Posting Date:  05 March 2008






 
Price:$390,000
Listing:WATER VIEWS, 22.8% BELOW RV !!!! HOUSE PLUS SECTION
Type:House : Subdivision Potential
Category:Assignment
Bedrooms:2
Bathrooms:1
Region:Canterbury
Site Area:1012 m2
Address: Login
Building Area: 
Property Image

Description:

House and section are available for assignment.
Combined RV is $505,000 house $355k, section $150k , combined land 1012m2, Purchase Price $390,000 thats 22.8% below Registered Valuation. Assignment fee only $9,000
This property is located in Lyttleton now part of Chch only 15 minutes from CBD. House and section have water views and Lyttleton is quickly running out of land that could be developed. House is a character cottage 2, possible 3 b.r. recently renovated including rewiring and replumbing. Section has plans drawn for new house to be built.
Great opportunity for landbanking or selling section and reducing the mortgage on the house to produce cashflow and develop the section and build a house plans available upon request
Please email me for more information.