AUCTION: Wednesday 1st April from 10am, Holmwood Auction Rooms, 397-399 Ilam Road, Ilam (unless sold prior)

With the updated Christchurch District Plan changes to zoning so close to our University, there is a bright future for this prime location! The bonus here for developers or investors is the solid brick bungalow with very responsible tenants in place on a one-year lease until November 2026. Currently returning $850 per week with massive opportunity to improve on this return, investors will be impressed with this great renter!

The house is sunny and warm and North and West facing, there is a double garage and extra off-street parking for multiple vehicles. With an 18m wide street frontage, strategically placed with a right of way to the north (you won't be built out) and even has on street parking, a rarity in this location now.

However, most will concede this is all about the land. TC1 land, this is a good-sized section suitable for future University accommodation or townhouse development, and we expect good interest from builders and developers. Our serious sellers have owned this as an investment property for more than six years. This is an excellent and rare opportunity, and we encourage your enquiry.

To download the property file information, please copy and paste the link into your browser: www.propertyfiles.co.nz/property/161ilam