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15B SOLD!! 15C still Available

15B Advance Terrace

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Marketed by Banson Chong

15B SOLD!! 15C still Available


15B Advance Terrace

Arrowtown, Otago

Sold - 10.11.2022

Marketed by Banson Chong

This building that is about to undergo a transformation - that has already been partially paid for - this is the chance for investors who recognise when to strike, to absolutely do so with speed. Poised for greatness in the heart of the city, with a huge range of amenities and activities at your fingertips, there has never been a better time to secure and sure up the future. Our owners are clearing their investment portfolio to take their next steps - and you must act without delay.

• With 1 bedroom and 1 bathroom with good sized open plan living. Refreshing the interiors prior to remedial work will sweeten the lure for periodic or short term renters now, or for after the building has been repaired. Building work is estimated to take 18 months, and the building will be closed during this time.

• Post remedial work, the value will surely increase and you won't be footing the whole bill, as part of the litigation process for weather-tightness there are portions covered and plans to enclose the balconies architecturally - adding to your living space. Your investigation of the documentation and outlays is highly recommended.

• From the newly styled building, you can access the theatres, shops, restaurants and conveniences of the city and fringe suburbs - catch up with friends in the diverse uptown, or grab cocktails and cuisine at the waterfront and trendy Wynyard and Britomart precincts. If you work in the city, it could not be easier, and if you need to travel, the transport network (including under construction 'Light-Rail') is at your fingertips.

• Currently tenanted $415/week, with forecasts to increase once renovations have concluded.

The property must be sold, and savvy investors with an eye towards future gains will recognise the exceptional opportunity here.

Please note: these photos are based on 15B, 15C is the same layout.

The Opportunity - The Investor Value

Banson Chong: 021 1639 939

Justin Wu: 021 042 2068

Sally Wu: 021 718 890

Property Details

Property ID RMU36385

Category
Apartment
Status
Sold
Bedrooms
1
Bathrooms
1


Local Schools

* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.

Primary
Intermediate
Secondary
Freemans Bay School - 1.0km away
Years 1-6
Co-ed
Wellington Street
09 360 1572


Ponsonby Intermediate - 2.1km away
Years 7-8
Co-ed
50 Clarence Street
09 376 0096


Auckland Girls' Grammar School - 1.3km away
Year 9-15
Girls
Howe Street
09 307 4180


Western Springs College - 4.4km away
Year 9-15
Co-ed
Motions Road
09 815 6730



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Banson Chong


Licensee Salesperson

Mobile: 0211 639 939

Phone: (09) 520 9100