Opes Real Estate is pleased to present two neighboring lots at 316 and 318 Blenheim Road, Upper Riccarton, Christchurch.
Comprising of two freehold sections each with individual dwellings producing $920 per week in rental income. This opportunity to acquire a substantial holding on a main arterial route should not be overlooked.
Zoned Residential Suburban (RS) and with a street frontage of 40.22m provides an array of opportunities in the form of sub-divisions, minor dwelling possibilities and residential and commercial development options that will entice investors and developers at all levels.
A previously granted, and now lapsed Resource consent for the construction of 7 motel units with associated car parking, landscaping, outdoor advertising, and manager's unit on one of the sites provides a further golden opportunity for investors looking to maximise the location*.
Located in an unbeatable spot close to Tower Junction, Westfield Mall, Christchurch Arena and within easy access to the Christchurch CBD and Canterbury University, there are amenities aplenty in the immediate area.
With large parcels of land offerings becoming scarce, position your investment intelligently today to ensure you don't regret the future.
*Opes suggests all parties to seek independent professional advice regarding this and all aspects of the property.
Download property documents instantly at www.opes.co.nz