1-5/2 Douglas Street

Lincoln Canterbury

400 m²

809 m²

Unit

Currently for sale - view listing

Overview

Five income streams, one smart investment

Auction sale (unless sold prior) 11am, 5th November 2026 3 Deans Avenue, Christchurch Offering a compelling combination of location, scale and flexibility, this unique investment presents an exciting opportunity for investors seeking an established multi-income asset. Comprising five separate flats across five titles, the property occupies a combined 809sqm (more or less) of TC1-zoned land, providing immediate rental income alongside potential for future capital growth. The property comprises 4 x two-bedroom flats and 1 x three-bedroom flat, offering a versatile mix of accommodation to appeal to a broad tenant market. With established rental income and a practical multi-unit configuration, this is an opportunity to secure a sizeable residential investment in the growing township of Lincoln. •Generating $2,175 per week across a mix of periodic and fixed-term tenancies •Rental appraisals indicate potential income of up to $2,690 per week •Five separate flats – 4 x two-bedroom flats and 1 x three-bedroom flat •Double glazing throughout, enhancing comfort and tenant appeal •Five separate titles, encompassing a combined 809sqm (more or less) of TC1-zoned land •Established multi-income rental investment •Convenient location close to Lincoln University and Lincoln Village, with cafés, shops, eateries and everyday amenities nearby •Broad tenant appeal being suited to working professionals, university students, couples and small families With established cash flow and all five flats available for purchase as a single investment, this property offers an appealing combination of holding income and long-term potential. Its location, existing configuration and multiple titles provide investors with flexibility to explore future opportunities, subject to the relevant planning requirements with the local council. After more than 12 years of ownership, our retiring vendors are committed to achieving a sale and have given clear instructions to bring all interested buyers to the table. Whether you are looking to expand your investment portfolio or secure a substantial multi-income property in Lincoln, this is an opportunity not to be missed. Please contact agents for private viewing times outside of open home times as this property is fully tenanted. To download the property files, copy and paste the link below into a new browser: https://www.propertyfiles.co.nz/5531962