2 Frankleigh Street - Somerfield
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With the generous 938 sqm site, which is zoned Residential Suburban Density Transition (RSDT), so many options are on offer for developers to pick and choose from this investment property or build their own substantial homes. Climb up the stairs and look at some spectacular views of the hills while turning this into four substantial homes or a 7-lot fee simple multi-unit project and enjoy the fruits of your investment.
We have made some repairs and improvements with the current 12 dwellings and run new services, seeking to use the existing use rights for future consents.
Location is in-demand due to its proximity to all convenient amenities. Several parks, the Pioneer Sports Centre and Barrington Mall are within walking distance while the CBD is only a short drive away. Being the on the main bus and cycle way, travelling is also made convenient and further zoning improvements are not far to go. A great choice of schools as zoned for popular Cashmere High and Christchurch South Intermediate.