Four-unit investment - As is, where is
Auction (unless sold prior)
11am, Thu 26 Nov 2026
3 Deans Ave, Christchurch
An opportunity for investors, developers, and land bankers to secure a substantial 1016sqm (more or less) landholding in a sought-after city fringe location.
Offered on an "as is, where is" basis, the property comprises four residential units on separate titles, currently generating $66,560 in annual rental income. A recent rental appraisal indicates potential income of up to $83,200 per annum, highlighting the opportunity to enhance returns.
Zoned Medium Density Residential, the property offers potential for future redevelopment, subject to the necessary consents and approvals.
Key features:
• 1016sqm (more or less) freehold landholding
• Medium Density Residential zoning
• Four separate titles
• Four two-bedroom residential units
• Each unit has its own garage
• Currently generating $66,560 in annual rental income
• Recent rental appraisal indicates potential income of up to $83,200 per annum
Collect the income today, unlock the potential tomorrow.
Please copy and paste this website address into your internet browser to download the property files: https://www.propertyfiles.co.nz/5532186
11am, Thu 26 Nov 2026
3 Deans Ave, Christchurch
An opportunity for investors, developers, and land bankers to secure a substantial 1016sqm (more or less) landholding in a sought-after city fringe location.
Offered on an "as is, where is" basis, the property comprises four residential units on separate titles, currently generating $66,560 in annual rental income. A recent rental appraisal indicates potential income of up to $83,200 per annum, highlighting the opportunity to enhance returns.
Zoned Medium Density Residential, the property offers potential for future redevelopment, subject to the necessary consents and approvals.
Key features:
• 1016sqm (more or less) freehold landholding
• Medium Density Residential zoning
• Four separate titles
• Four two-bedroom residential units
• Each unit has its own garage
• Currently generating $66,560 in annual rental income
• Recent rental appraisal indicates potential income of up to $83,200 per annum
Collect the income today, unlock the potential tomorrow.
Please copy and paste this website address into your internet browser to download the property files: https://www.propertyfiles.co.nz/5532186
Key features
Income
A recent rental appraisal indicates potential income of up to $83,200 per annum
Investment
Collect the income today, unlock the potential tomorrow
Rental appraisal
$370-$400 per unit per week
Zoning
Medium Density Residential zoning
Opportunity
Offered on an "as is, where is" basis, the property comprises four residential units on separate titles
Section
1016sqm (more or less) freehold landholding
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