88 St Johns Street WOOLSTON, Christchurch City

Attention opportunists! This home was lined up to be repaired but the seller has fallen in love with another property so she has thrown her hands in the air and is taking the repair cash instead and selling this whopping large property As Is with the repairs still to be done (settlement money not to be transferred to the purchaser). However you will be interested to know that the insurance is currently still in place but less the pre-existing earthquake damage that was paid out for. Westpac insurance underwritten by Lumleys, which may potentially be continued for the new purchaser provided they meet the underwriters criteria.

The agreed repair cost with the insurance company was $248,594.31. The properties 2014 rateable value is $450,000. Rental assessment $500 - $550 per week unfurnished. This will be a great buy for a builder, developer, investor looking for a project. We are looking for offers so you do the numbers.

A jumbo sized house with 5 bedrooms and one of the upstairs bedrooms is humongous and currently used as a lounge and bedroom combined. The living area is a large step down lounge and a generous kitchen dining area. An extended family could also easily make this work as one end of the house is currently set up for the sole use of the owners mum. Large 842sqm section (TC3 & L1, RS in new draft City plan). The main house has an attached garage and then out the back is an extra large workshop with 3 phase power.
Email vanessa.golightly@raywhite.com for the information pack and relevant documents.