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Back 1-7/173 Fitzgerald Avenue
Off Market

1-7/173 Fitzgerald Avenue

Christchurch Central Canterbury

10
7
7
518 sq.
Block of units
Grace BruereGrace Bruere, last sold this property on 11 June 2026 after 44 days on market.

Overview

Multi income on High Density Land

Contact agents for viewing times - private viewing by appointment. Situated on 518sqm (more or less) of High Density Residential zoned land, this investment presents significant potential across a range of uses. Currently configured as seven self- contained flats with ample off-street parking, the property offers strong existing income alongside future development upside. • 3 x two-bedroom and 4 x one-bedroom flats • Currently returning $2,500 per week across a mix of periodic and fixed-term tenancies • 518sqm (more or less) of High Density Residential zoned land • Fully double glazed with a recently refreshed exterior paint • All units compliant with Healthy Homes standards • Currently returning $2,500 per week across a mix of periodic and fixed-term tenancies • Fully tenanted, providing immediate income continuity • Just a short walk to One New Zealand Stadium Each flat is held on an individual tenancy and includes its own kitchen, living area, and bathroom, ensuring tenant independence and broad rental appeal. With tenants already in place, the property offers a seamless transition for a new owner. Located in the Christchurch City Centre, the area continues to benefit from extensive post-earthquake regeneration, with a growing mix of retail, hospitality, and infrastructure driving demand for well-located accommodation. The site provides considerable flexibility, continue operating as a high-yield investment or explore redevelopment opportunities in line with its high-density zoning. With its sought-after location, established income stream, and future potential, this property represents a compelling opportunity for investors. After nearly 20 years of ownership, the vendor is now looking to realise their investment and welcomes all interest. To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5530413

Features

10 bedrooms
7 bathrooms
7 carspaces
518 sq. lot size
Block of units

Estimated Value

We need at least 3 similar 10 bedroom block of units sold in Christchurch Central over the last 12 months.

Property history for 1-7/173 Fitzgerald Avenue

2026
Sold
Undisclosed
Sold After Auction on 11 Jun 2026 by Grace Bruere
2026
Sold
Undisclosed
07 Jun 2026 by Angela Webb, of Bayleys Christchurch (Whalan and Partners Ltd)

Happy sellers in Christchurch Central

68%
68% of sellers in Christchurch Central reported that their sale price either exceeded or met their price expectations.

Christchurch Central stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 81 reviews in Christchurch Central over the last 12 months.

Local market activity for 10 bedroom block of units in Christchurch Central

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Nick Dwan

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Joanna Gu

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