Here's a unique offering in the heart of the City with numerous options available.

Zoned RCC (Residential Central City) but with a Resource Consent that permits selected commercial use, these two rather special townhouses (each on its own freehold title) and with commercial tenants currently in place are available for sale.

Although both buildings are currently insured, 185 (the front one) was purchased in an "As-is,where-is" state and will be sold on this basis.

#185 (the front property) comprises 4 bedrooms, 4 bathrooms and 2 kitchens spread over its two levels, nestled on a freehold parcel of 262m2. The ground floor is currently leased at $25,000 (plus GST) per annum until October14, 2023, with a Right of renewal for a further 3 years.

#185A (the rear property) has 4 bedrooms, 3 bathrooms and 2 kitchens over two levels and occupies a 267m2 site and is leased at $52,000 (plus GST) per annum until May 4, 2023.

You may choose to buy one, or both of these properties, and either enjoy the immediate income, or reside in one, or perhaps your preference might be to buy both and redevelop the combined 529m2 site?

Whatever your preference, this is a rare opportunity to secure an attractive property (or two!) in the midst of an area that has undergone quite a transformation since the earthquakes and looks certain to become an even more desirable area in which to live and work. Please contact the agent for further information or to arrange an appointment to view.

For more information please copy ans paste the below link into your web browser:

https://www.propertyfiles.co.nz/property/IL2573