Entry-Level Price Tag - Million-Dollar Potential
Here at 33A Ramahana Road the events of 22 February 2011 meant construction of this substantial 427sqm (approx) hillside home came to an abrupt halt. At last, following long and protracted negotiations with EQC and the insurer, plus significant engineering consultation and input, a resolution has been achieved. A "life after" for this unique property. Now with the go-ahead from the Christchurch City Council and prominent local engineers the building consent file has been reopened with Code Compliance pending upon completion. Herein lies one very exciting opportunity - acquire this substantial home at a tantalisingly modest level and complete construction to realise a near million-dollar asset.
Timeline of events:
- October 2008 - original building consent issued.
- January 2011 - sufficiently complete for habitation.
- February 2011 - seismic activity halted construction following 46mm approx settlement of foundation and damage to upper retaining wall.
- March 2011 - November 2014 - protracted negotiations with EQC and insurer with initial brief to demolish.
- January 2012 - December 2013 - internal wall linings, fittings and appliances removed.
- January - December 2014 - professional engineering advice sought (original site engineers) as to potential repair strategy.
- November 2014 - CCC & engineers agree to reopen property file for completion of construction/Code Compliance.
- June 2015 - engineered repairs completed to western boundary retaining wall (see amendment to building consent).
- November 2015 - your opportunity to secure, complete and reap the rewards!
** Full working drawings, building consents and engineering producer statements available at Griff.net.nz under the Property Info tab **
This quality and substantial property provides:
- Ground level - large 3 car garage and workshop, utility room and den/rumpus room
- First floor - Master bedroom with ensuite, three double bedrooms, study + main bathroom
- Second floor - generous open plan living/balcony with panoramic vistas + provision for sauna
For those with the right skill set and financial backing this one is a no-brainer - the benefits are all yours. Anchored with substantial foundation system into the lower slopes of Huntsbury Hill, benefiting from a uniquely sheltered position and microclimate to suit, yet within proximity of quality schooling (St Martins School + Cashmere High zones), the new established St Martins Village and highly regarded local Fava Cafe. Why not secure yourself the best Christmas present ever - the family are sure to love you for it!
Auction: Thursday 19 November from 12.00pm, Gold Auction Rooms, 471 Papanui Road (unless sold prior)