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St Albans, 519 & 525 Manchester Street

Double or Nothing - 'As Is, Where Is'

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Listing Number: CR28398
About this listing

SOLD - This listing was sold in July 2015.

Our clients have accepted an insurance settlement and issued us with clear instructions to sell these adjoining properties as one parcel, on an 'as is, where is" basis. Together the properties form a mouth-watering tract of 1,269m², zoned L3, allowing a multitude of options.

The bonus is the excellent cash flow in the two existing homes which, although being sold without insurance cover, remain entirely habitable. 519 Manchester St is currently rented for $430pw; 525 Manchester St is currently vacant but has previously been achieving weekly returns of $370pw. Proximity to the City and the Amenities of Edgeware Village further underpins the value and adds to the popularity of this re-emerging precinct.

We would describe this opportunity as one which will have huge rewards in the long run, and astute investors should recognise the rarity and potential of this opportunity & act accordingly.

But the time to act is now; with our owners having made their intent clear, we seek to meet the market not merely test it.

Disclosure - Under Section 136 of the Real Estate Agents Act 2008, the vendor is an employee of the Licensee
Property Information
  • Land Size: 1269 sqm
  • Tenure: Freehold
  • Approx year built: 1910
  • Property condition: Renovator
  • Property Type: House, Section
  • House style: Bungalow, Character
  • Garaging / carparking: Double lock-up
  • Construction: Weatherboard
  • Joinery: Timber
  • Roof: Tile
  • Flooring: Carpet and Vinyl
  • Heating / Cooling: Other (Heatpump (519) & Gas Fire (525))
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Curtains, 1 x Rinnai Gas Fire, 1 x Mitsubishi Heatpump, 1 x Unidare Nitestore, 1 x Smeg Gas Hob & Oven, 1 x Shacklock Upright Oven, 2 x Rangehoods, 2 x Dishwashers, 2 x Extractor Fans, 1 x Heated Towel Rail, 2 x Bathroom Wall Heaters, 2 x Clotheslines
  • Kitchen: Original, Open plan and Upright stove
  • Living area: Open plan, Separate living
  • Views: Private
  • Aspect: West
  • Outdoor living: Clothes line, Deck / patio
  • Fencing: Partial
  • Land contour: Flat
  • Grounds: Backyard access
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to schools, Close to shops

Contact Details

Harcourts City Christchurch

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Ave
Office website

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