Riccarton
1-3/54 Division Street, Riccarton, Christchurch
+21
Purpose-Built Student Rentals
Priced $799,000
3 Brand New Townhouses Available
An exceptional opportunity for savvy investors, these brand-new, purpose-built townhouses are now fully completed with tenants already moved in, delivering immediate rental income from day one.
Constructed and designed with both longevity and tenant comfort in mind, each townhouse features four spacious bedrooms with built-in wardrobes and two modern bathrooms, including a private ensuite, ensuring strong appeal to the modern student rental market.
•Guaranteed rental income - $880 per week, leased until January 2027
•Four bedrooms, all with built-in wardrobes
•Two modern bathrooms, including ensuite
•Freehold titles - no body corporate fees
•Modern finishes and brand-new appliances throughout
•Fully Healthy Homes compliant
•Double glazing and heat pump for year-round comfort
•Tenants already in place - immediate cash flow
•Walking distance to the University of Canterbury
•High tenant demand in a proven rental location
With fixed-term leases secured through January 2027, investors can enjoy stable, hands-off income from settlement. Located just a short walk from the University of Canterbury, these properties are perfectly positioned to deliver reliable returns with minimal vacancy.
Designed to meet Healthy Homes Standards and built for durability, these low-maintenance properties provide strong long-term investment performance in one of Christchurch's most consistent student rental locations.
Available Units:
•Unit 1: $799,000 - Available
•Unit 2: $799,000 - Available
•Unit 3: $799,000 - Available
Our vendors have already committed to their next project and are highly motivated to sell. Don't miss this rare opportunity to secure a high-yield, low-maintenance investment with income from day one.
To download the Property Files, copy and paste the below into a new browser:
Unit 1: https://www.propertyfiles.co.nz/5530099
Unit 2: https://www.propertyfiles.co.nz/940550003
Unit 3: https://www.propertyfiles.co.nz/910530003
Angela Webb
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Grace Bruere
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Investment
With tenanted secured for $880 per week until January 2027, a stable and steady income is assured
Modern
Featuring brand-new, modern appliances and finishes, the home is purpose-built to meet Healthy Homes Standards
Location
Located in proximity to the University of Canterbury, Westfield Shopping Centre and an array of bars, restaurants and entertainment options
Spacious
Four spacious bedrooms, each with built-in robes, are complemented by two well-appointed bathrooms, including a private ensuite
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