11 Tennyson Street, Sydenham

Mixed multi-income

Sitting behind Beckenham Central is a landholding often desired, rarely on offer. Four two-bedroom units that have been very well maintained throughout their lifetime. With three currently tenanted and the fourth vacant, the remaining tenants have been there for a combined 46 years.

The building at the front is a 1920s house that was split into two flats in the 1960s. Two bedrooms in each flat, and are fully self-contained supported by a living, kitchen, and bathroom each. One of these flats also boasts a sunroom and multiple living options. Both flats have been upgraded over the years and the downstairs has a very long term tenant in place. The house had its spouting replaced and was reroofed in 2000s, while the plumbing and wiring were mostly replaced when the house was converted and has had releveling done where required.

The rear of the property is purpose-built with two, two-bedroom units two stories each. Built in the 1960s these flats have been very well maintained and are in good condition.

There are four carports on-site as well as plenty of off-street parking. All EQC repairs were completed by fletchers and the property is currently fully insured.

The land is zone for redevelopment with new townhouses being built next door and positioned on Residential Suburban Density Transition, TC2 land, you either land bank for the future or get started with the council process while enjoying the income this multi-unit investment provides.

In such a great location, this block has many future lives as a renovated multi-income property for generations to come, or as development land.

In Summary

• Four x two-bedroom units
• Land zoned TC2 and Residential Suburban Density Transition
• 709sqm of land area
• Four carports
• Fully repaired and insured
• Great proximity to shopping and access to Central Christchurch

With our vendors looking to retire from property investment, they see this as a great time for somebody to buy a sound property and enjoy the ownership as much as they have during their tenure.