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150 Old West Coast Road, Yaldhurst, Christchurch City

Owner Retiring - Great Return For Investor or Landbanker

dollar

$1,500,000

Section
Lifestyle property
Bedroom
7
Bathroom
3
Land area
5.54ha
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Property details

Listing # IM55393 | Listed on 13 April 2022

150 Old West Coast Road is a 5.5 ha lifestyle property so close to the City.

It has approx. $70,000 annual return income in place at the moment and there is potential to increase the income by utilising some of the vacant outbuildings. This return makes it so appealing to those who want to invest their money in such a low interest environment and just lay back and watch the land value grow.

The main building is approx. 240m2 low maintenance brick house, it has 7 bedrooms, big open plan kitchen. It has leased to long term Government tenant. Self contained two bedroom sleepout also leased to a long term tenant.

There is big list of massive outbuildings, big storage, a couple of big garden sheds, a big lock-up storage building connected with 3 phase power, a big chiller storage which might suit for special purpose use.

Existing 8 acre of grape planted which is currently not being used, and approx. 3 acre of peonies which the owner does as a side hobby.

This unique property is packed with potential. Don't miss this awesome return investment property.

Viewing strictly on appointment only. Please don't walk on the property and disturb the tenant.

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Additional features

Water closet
3 Separate toilets

Schools and childcare in the area

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