1-4/403 Gloucester Street

Linwood Canterbury

672 m²

Unit

Currently for sale - view listing

Overview

Block of Four – Location wins

Auction sale (unless sold prior) 11am, Thu 21 May 2026 3 Deans Avenue, Christchurch Contact agents for viewing times - private viewing by appointment. Offering a compelling combination of location, scale, and future flexibility, this unique investment property presents a valuable opportunity for buyers seeking a multi-income asset with development potential. Positioned on a generous 672sqm (more or less) parcel of Medium Density Residential-zoned land, it delivers immediate rental returns alongside long-term upside. The property comprises a well-maintained block of four flats, constructed with durability in mind. The layout has been optimised for consistent rental performance, appealing to a broad tenant base. Three of the flats offer two bedrooms and one bathroom, while the fourth provides three bedrooms and one bathroom. • Currently generating $1,600 per week across a mix of periodic and fixed-term tenancies • Comprising 1 x three-bedroom flat and 3 x two-bedroom flats • 672sqm (more or less) of Medium Density Residential zoned land, offering scope for future development and enhancement • Conveniently located within walking distance to the CBD and One New Zealand Stadium With a stable income stream already established and clear potential to add value, this is an ideal holding opportunity for investors considering land banking or future redevelopment. The combination of zoning, location, and site configuration provides flexibility for a range of future strategies. The vendors have given clear instructions sell on or before auction day. Opportunities of this scale and potential are increasingly scarce - act promptly to secure this standout investment. To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5530341