Otago Real Estate for Sale

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Quintessential Cottage with Development
Castle Street is finally letting up one of her smaller, more affordable flats, but with the bonus of development potential. Sitting on 278 sqm of land, the zoning allows for six bedrooms (subject to consents), and the three currently in the flat allows for a further three to be developed in the rear yard. The dwelling is in good tidy condition with three good sized rooms and an ample lounge. The bathroom has been previously renovated to a good standard, but the small kitchen at the rear could benefit from some remodelling. The large compliance items of insulation, heating, extraction fans and re-wiring seem to be up to standard, but investigations to confirm are encouraged. The property has been intentionally left vacant so that a new owner has options. Either re-rent as is, improve the kitchen and re-rent, or even make plans for development of the rear yard. You have the ability to set your own rents for 2022 and select tenants to suit you. The property is for sale through a deadline sale process closing at 4:00 pm, Wednesday 15 December 2021 (no prior offers). For full information including Colliers Information Memorandum, floor layout and 3D Virtual Tour, please send an email enquiry. Viewings are by private booking with the agent.
Upload by Ewen Livingstone
Otago and Southland
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