Combining an established income stream with valuable high-density zoning, this four-flat investment offers immediate returns and exciting long-term potential close to the heart of Christchurch.
Set on 448sqm (more or less), the property comprises four unit, three one bedroom and one two bedroom all with garages. Each unit provides spacious living, two bedrooms.
The property currently returns $1393 per week, with rental appraisals indicating potential income of up to $1570 per week. Its High Density Residential zoning also provides scope to explore future development or enhancement options.
Within walking distance of the CBD and One New Zealand Stadium, the location places tenants close to employment, entertainment, hospitality and everyday amenities. Continued investment in the surrounding area further strengthens the property's long-term appeal.
Key features include:
• Three one bedroom flats and one two bedroom flat
• One bathroom per flat
• Garage for each unit
• Current combined rent of $1,393per week
• Rental appraisals of up to $1570 per week
• 448sqm freehold site, more or less
• High Density Residential zoning
• Potential to enhance or redevelop
• Walking distance to Christchurch CBD
• Close to One New Zealand Stadium
• Ideal investment or land-banking opportunity
The vendors have issued clear instructions to sell. Opportunities combining this level of income, location and future flexibility are increasingly difficult to find, so early action is strongly recommended.