AS IS, WHERE IS - EVERY CLOUD HAS A SILVER LINING!

Units 1-15, 77 Carlton Mill Road, Merivale

Investment / Residential For Sale

Auction to be held at 10am Tuesday, 16 May 2017 (Unless sold prior)
Land Area: 1,672.00 m2.    Floor Area: 1,308.00 m2.    

Description

Units 1-15, 77 Carlton Mill Road is a well‑appointed residential executive apartment complex constructed in 2006, consisting of fifteen, two and three bedroom apartments over two levels with a basement car park. The complex is offered for sale in one line as a collective offering.

The complex occupies a total site area of approximately 1,672m². The units are accessed via internal stairs from the basement car park, with each apartment allocated two car spaces.

Each apartment has beautiful Ingrid Geldof designed open plan kitchen, dining and living areas opening out to bright, secure courtyards.

Either orientated north east facing for morning sun, or north west for evening sunsets, the living proportions transition seamlessly to well orientated private courtyards which are fully fenced for privacy and peace of mind. The apartments share a generous basement with two parks allocated for each apartment along with storage space. Zoned for reputable, sought after schools including Christchurch Boys’ and Girls’ High Schools, Elmwood Primary, and Heaton Intermediate.

The property sustained damage in the 2011/2012 earthquakes and will be sold in one line as a collective offering on an “as is, where is” uninsured basis.

Features

  • “As is, where is” residential multi-tenanted investment
  • Strategically positioned nearby North Hagley Park, Merivale Mall, and Victoria Street Precinct
  • Approximately 30m frontage to the very desirable Carlton Mill address
  • A gentle stroll to Rangi Ruru, St Margaret’s, Selwyn House, and Christ’s College
  • Strong holding income
  • Significant land holding on the sought after Carlton Mill Road
  • Prime Merivale location
  • Modern in design with excellent proportions
  • Repair & value-add opportunity
  • Committed vendors keen to see sold on or before auction day

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