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Positioned just minutes from the heart of the city, 491 Madras Street, St Albans offers an outstanding opportunity for builders, developers, and investors seeking a consented CBD-fringe project.
Offered on an “As Is, Where Is” basis, the property currently comprises a character villa converted into two flats, both operating as short-term rentals, providing immediate holding income for current homeowners.
Zoned Medium Density Residential (MRZ), the site comes with resource consent approved for two units, making this a ready-to-build opportunity or an ideal live-in-one, rent-the-other option.
Located on the doorstep of the CBD and Four Avenues, close to Christchurch CBD, Hagley Park, and Christchurch Hospital, this is a location that ensures long-term demand.
The property is surplus to the owners’ requirements and is offered for genuine sale.
Key highlights:
- As Is, Where Is sale
- Medium Density Residential (MRZ) zoning
- Resource consent approved for 2 units
- Weekly income from two short-term rental units
- CBD-fringe, high-demand St Albans location
- Ideal for builders, developers, or investors
Opportunities like this — combining approved consent, proven short-term income, and premium location — are increasingly hard to find.
For genuine sale. Viewings by appointment or via scheduled open homes.
This information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, LINZ, Local Councils, ECAN, CERA and other organizations. Exp New Zealand ltd REAA 2008 is passing over this information. We cannot guarantee its accuracy or reliability and recommend purchasers undertake their own due diligence.
