A rare chance to secure a property offering immediate rental income plus consented future development potential. The main home and adjoining two bedroom flat are each tenanted by reliable long term occupants who are happy to remain, providing a holding income from settlement.

Adding to its appeal, the property includes approved subdivision consent for nine residential sections, giving buyers the flexibility to plan development, stage works over time, or landbank while continuing to earn an income.

Taking into consideration the subdivision consent and the dual income potential, my clients anticipate strong interest in the early million range.

Whether you’re seeking an investment, a consented project, or future options for extended family living, this property delivers genuine versatility.

**Investment Appeal**

Opportunities combining dual income with approved development consent are seldom available. Existing tenancies help offset ownership costs while future plans are explored.

**Rental Demand**

Cheviot is a strong rural service town with consistent demand for quality rentals from local residents, farming staff and workers across the wider district.

**Future Options**

• Continue as a dual income investment opportunity

• Develop the consented subdivision in stages

• Explore intergenerational living

• Occupy one dwelling while retaining income from the other (subject to tenancy arrangements)

**Why It Stands Out**

• Existing income streams

• Subdivision consent already in place

• Multiple strategies for investors, builders or developers

• Potential to add value over time

• Rental demand supporting holding income

Contact Dave and arrange a private viewing of this unique opportunity. Please note that due to multiple tenants, sufficient notice will be required in order to schedule a viewing, last minute viewings will not be possible.

PROPERTY FILES: https://www.arizto.co.nz/property-search/20-reeves-street-cheviot