SOLD - Riverside Development Site with Income
75 Cambridge Terrace, Central Christchurch
- 180m walk to CBD
- 90m height limit proposed
- Holding income of $103,843pa plus operating expenses plus GST
Very rare opportunity to purchase a riverside development site. This 1960's, two level Warren & Mahoney designed gem is located riverside, undiscovered on a quiet section of Cambridge Terrace.
Home to a dental practice since it was built and now with the lease expiry looming here is the perfect opportunity to take this property from the shadows and plan a statement development this site deserves. The zoning, location and setting are ideal for offices, residential or visitor accommodation. Purchasers may not rule out continued office use, owner occupation or repurposing as a residential apartment.
The property is perfectly located just 180m from Christchurch's hospitality hub on Oxford Terrace which includes the Riverside Market and numerous hospitality venues co-located with businesses that relocated to the thriving CBD. The building height limit is currently 28m, with 90m proposed.
Call Jeremy now to learn more. 0276555647
Auction 12pm, 18 May 2023 (unless sold prior)
Listed 14/04/23
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