2 X HOUSES SPLIT INTO FLATS, DEVELOPMENT OPPORTUNITY

Listing Number:  1483
Posting Date:  04 July 2009






 
Price:$122500 each house
Listing:2 X HOUSES SPLIT INTO FLATS, DEVELOPMENT OPPORTUNITY
Type:Unit/Flat : Subdivision Potential
Category:Double Settlement
Bedrooms:6+
Bathrooms:2
Region:Otago
Site Area:160 m2
Address: Login
Building Area:1024 m2
Property Image

Description:

An opportunity exists to purchase 2 x houses sitting side by side 181 & 185 Crinan Street, Invercargill. Real potential to Subdivide the back off both properties, council consent will be needed. Very scarce, total land area 1,012m2 each property = total land area to be developed 2024m2, REAL OPPORTUNITY HERE, WITH THIS PROPERTY BEING SO CLOSE TO CITY CENTRE AND GOOD WARM DEVELOPED HOUSING URGENTLY NEEDED IN INVERCARGILL

185 Crinan St,
3 x 1 bedroom flats. Close to local amenities, walking distance to CBD or 2 min drive in car. Close to shopping mall, schools and parks. Off street parking.
Flat 1: $80p/w
Flat 2: $60p/w
Flat 3: $50p/w
Rates: $1990

181 Crinan St,
2 x Flats + Studio/sleepout
Floor area: 190m2
Flat 1:$70p/w
Flat 2: $80p/w
Studio/sleepout $30p/w
Rates: $ 1301

Settlement for this property 16 July, 2009, by way of double settlement.

***Potential to increase rents
CALL NOW. BE QUICK!

For more information on this deal, please call Trean on 021 344 494