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Currently Residential, Zoned Commercial

Kaiapoi, 151 Williams Street

Deadline Treaty 17 May 2018 Unless Sold Prior

Listing Number: BF29674
About this listing
151 Williams Street, Kaiapoi
This property consists of an approximately 250m², two storey character home, built between 1910 & 1919, which has been divided into two independent flats (one upstairs, one downstairs). A separate, approximately 50m², one bedroom flat is located towards the rear of the site. Each flat has its own covered carpark (two carports and one single garage).

The property has four tenants who are paying a total rental of approximately $56,000 per year.

The buildings are located on the corner of Williams Street & Sewell Street, Kaiapoi and are set on approximately 599m² of land, on two titles, which are zoned commercial (8A). The larger building could be converted for multiple commercial uses by a new owner. All three flats are currently tenanted.

The two storey building has a large advertising billboard fixed to the upper side which is viewable from Williams Street. This is leased to an advertising agency.

The property is to be sold by Deadline Treaty closing at 4pm on Thursday, 17 May 2018 (unless sold prior). Offers will be presented to the Vendors within 24 hours of the deadline and all offerers will be notified of the outcome.

Inspection is invited, and the agents will arrange a time to suit the tenants and the prospective purchasers.

From an investor's viewpoint, this property represents an opportunity with considerable versatility because of the commercial zoning. Although the property has three residential and one commercial sources of income, there is scope for variations to suit a new property owner.

To download further documentation on this property, please copy and paste the following link into your browser: http://www.naiharcourts.co.nz/Property/844878/BF29674/151-Williams-Street#documents

Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN and other organisations. Twiss-Keir Realty Limited is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability.
Deadline Treaty
Thursday 17 May 4:00 p.m.
Unless Sold Prior
Property Information
  • Tenure: Fee Simple
  • Property Type: Other (Mixed Commercial / Residential investment), Tenanted Investment
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