• To download the Information Pack, copy and paste the URL into your web browser https://new.propertyfiles.co.nz/listing/371

Central Christchurch has no shortage of one-bedroom townhouses. Very few of them carry Airbnb-approved zoning, and that one difference is what changes the maths on this property. Most CBD investors are locked into standard residential rates. The owner here isn't - they can run it long-term or move to short-stay as the city's event calendar fills out.

Key Features

• Built in 2021 - post-quake construction, fully double glazed and thermally efficient, so it's warm, quiet and cheap to run
• 58m² of well-planned floor area with open-plan living and a modern kitchen.
• One bedroom, one bathroom - the configuration with the widest tenant pool in the central city, and the easiest to fill again.
• Currently tenanted, so income starts from settlement day rather than after a search for tenants.
• Rental appraisal of $470/per week.

Lock-and-Leave Advantages

• 58m² site with no lawns to mow and no weekend maintenance - the right footprint for an owner who lives elsewhere or travels
• Low-maintenance exterior and a compact, secure title that suits both an off-shore owner and a first-time investor learning the ropes

Location

• Roughly a three-minute walk to One NZ Stadium at Te Kaha
• Under ten minutes on foot to New Regent Street, Riverside Market and The Terrace hospitality precinct
• Margaret Mahy Family Playground, the Botanic Gardens and the Avon loop all within an easy walk
• School zones: Christchurch East School, Hagley College, Te Aratai College, Hillview Christian School, Christchurch Adventist School, Marian College, Middleton Grange School

Future Potential

Christchurch's central city is a fixed amount of land with a growing amount of demand attached to it. Te Kaha brings concerts, tests and events that draw people who need somewhere to stay within walking distance of the ground - and the properties that can legally take that business are a small subset of what's on the market. Whether the next owner holds it tenanted, runs it short-stay, or uses it themselves between bookings, the zoning keeps all three doors open.

Additional Information

Floor Area: 58m²
Land Area: 71m²
Built: 2021
CV: $460,000
Rates: $3,082.03
Body Corporation- $2,534.31/yearly
Legal Description: Lot 35 DP 560806
Certificate of Title: 990607

Contact Amar Ghuman for a full information pack or to arrange a viewing

Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/the relevant local authority/CERA and we have not been able to verify the accuracy of the same.