Description:

As is where is - fully insured - claims to be assigned.

Our subject: A 1990s direct fix monolithically clad (plaster over polystyrene) dwelling with open EQC claim. Offered by absentee landlords, seeking to wash their hands of all EQ and monolithic cladding issues.

Need we say more? Such motivation provides a mouth watering opportunity for those with the right skill set or expertise, not excluding the opportunist bargain hunter!

Property facts:
- 3 bedroom 100sqm dwelling with separate double garage
- Sizable grounds with excellent outdoor area and OSP
- Minimal EQ damage (EQC claim under cap)
- To be sold without repairs - EQC claim to be assigned
- Driveway claim of $34,000 to be assigned
- Periodic tenancy paying $390 per week
- TC3 zoning - ½ share of 1072sqm
- RV $300,000 (Nov 2013)
- North-west aspect

Given the construction type our owners have instigated Property Check to furnish a report specifically to assist prospective purchasers (view at Griff.net.nz via the "Property Info" tab).

Fully aware of the property's limitations our clients have aligned their expectations accordingly.

Nonetheless, the property provides a warm comfortable and most affordable accommodation option, ideal for couples, young families or investment. Further underpinning the properties current and future value is the new Waitakiri School and the recently announced relocation of Shirley Boys' and Avonside Girls' to the QEII site - all hinting of what is yet to come.

Our instructions are clear - to source an informed and committed purchaser on or before auction day.
The property is currently insured and both EQC and insurance claims will be assigned.

We invite your opening offer/bid - perhaps your first step onto the property ladder!

Auction: Thursday 16 July from 10.00am (unless sold prior)
Gold Auction Rooms, 471 Papanui Road

Approx Floor Area 100 sqm
Tenure Crosslease (fee simple)
Approx year built 1995
Property Type House
Garaging / carparking Double lock-up, Auto doors (Number of remotes: 2)
Construction Plaster over polystyrene
Joinery Aluminium
Roof Iron
Insulation Walls, Ceiling
Flooring Vinyl and Carpet
Heating / Cooling Other (Heat pump)
Electrical Satellite dish
Property features Security system, Smoke alarms
Chattels remaining Heat pump, Laundry tub, Washing line, Automatic garage door opener with 2x remotes, Alarm, Shed, Fixed floor coverings, Light fittings, Stove, TV aerial, Curtains
Kitchen Modern, Open plan, Upright stove, Rangehood, Breakfast bar, Pantry and Finished in Laminate
Main bedroom Double and Built-in-robe
Bedroom 2 Double and Built-in / wardrobe
Bedroom 3 Double and Built-in / wardrobe
Main bathroom Bath, Separate shower, Exhaust fan
Entrance Lounge
Laundry Separate
Outdoor living Deck / patio
Fencing Fully fenced
Land contour Flat
Grounds Tidy
Garden Garden shed (Number of sheds: 1)
Water heating Electric, litres: 180
Water supply Town supply
Sewerage Mains