1-7/173 Fitzgerald Avenue

Christchurch Central Canterbury

518 m²

House

Currently for sale - view listing

Overview

Multi income on High Density Land

Auction sale (unless sold prior) 11am, Thu 21 May 2026 3 Deans Avenue, Christchurch 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 • 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 unconditional interest on or before auction day. To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5530413