AUCTION: Wednesday 19 August from 10am, Holmwood Auction Rooms, 397 Ilam Road, Bryndwr (USP)

Zoned HRZ, High Density Residential, this property is a prime development site just a few minutes' walk from our magnificent new asset, One NZ Stadium at Te Kaha. Currently home to a 1920s bungalow in two flats, with a land area of 615sqm, this is an increasingly rare opportunity for development in this flourishing location. Within the four avenues and easy walking distance to a host of facilities including Margaret Mahy Playground, the Avon River, New Regent Street and the CBD, this is ready for a new owner to capitalise on Christchurch's Stadium precinct growth with construction of new accommodation.

Selling as is where is, both flats in the bungalow are two bedrooms and currently on fixed term leases until February and June 2027, returning $900 per week, thus providing the benefit of an income-producing property that helps offset costs during the planning and consents phase until you're ready to proceed.

Our serious seller has held this as an investment for thirteen years with the intention of redevelopment. However, they reside and work in Nelson and now realise that time constraints will not allow them to pursue their plans, creating an exceptional opportunity for a new owner. Drive past, see for yourself, and give us a call!

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