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Back 102/268 Tuam Street
Off Market

102/268 Tuam Street

Christchurch Central Canterbury

1
1
1
Apartment

Overview

CBD investment

Download documents here: https://www.harcourts.co.nz/CR47592#documents Looking for a prime investment opportunity? Look no further! We have a fantastic studio apartment located on Tuam Street, right next to the Christchurch Stadium that's currently under construction. Literally a hop, skip and a jump to future concerts & sporting events. This perfectly placed apartment is just a short stroll or scoot away from the CBD's best restaurants and conveniences, making it an ideal location for both tenants and investors. Speaking of tenants, the primary tenant is none other than the sought-after Ramada Hotel, with an exceptional occupancy rate. As an owner, you get to enjoy five nights annually in this modern and stylish studio apartment (T&C's apply). With such a secure investment and all the hard work taken care of, why not sit back and reap the rewards? To give a snapshot of return: Excluding GST, the annual income for tax year 24/25 will be $16,075.44. The costs for that tax year should be Rates $1,367.20 and Body Corp fees of $2,454.06 giving a nett income of $12,254.18. The Ramada lease runs until 22 Dec 2029, but Ramada have the right to extend for a further three terms of 5 years each term. Call me today to secure your ticket on this investment ride. Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.

Features

1 bedroom
1 bathroom
1 carspace
1 open car space
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Christchurch Central over the last 12 months, the estimated median property value of 102/268 Tuam Street is $432.5k.

Median value
$432.5k
Estimated value range
$175k - $600k
Median days on market
102
Estimated value trend
12%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Christchurch Central. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 102/268 Tuam Street

2024
Sold
Undisclosed
02 May 2024

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 85 reviews in Christchurch Central over the last 12 months.

Local market activity for 1 bedroom apartments in Christchurch Central

In the last 12 months, 16 one-bedroom apartments similar to 102/268 Tuam Street, have been sold.

This represents a 43% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Christchurch Central

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Aaron Pero

Aaron Pero is an award winning recommended agent for Christchurch Central.  They have 13 local sales and collected 13 local reviews across the last 12 months.

  •   5   (56 reviews)
  •  13 Reviews in Christchurch Central
  •  13 Sales in Christchurch Central
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Elisa Jordan

Sellers who recommend Elisa Jordan have praised them for being local expert, clear communication, detail-oriented and patient

  •   5   (34 reviews)
  •  7 Reviews in Christchurch Central
  •  3 Sales in Christchurch Central
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Ali Ahmadi

Sellers who recommend Ali Ahmadi have praised them for being supportive, clear communication, local expert, dedicated, friendly, well-prepared and detail-oriented

  •   5   (47 reviews)
  •  4 Reviews in Christchurch Central
  •  5 Sales in Christchurch Central
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Joanna Gu

Sellers who recommend Joanna Gu have praised them for being clear communication, local expert, responsive, hard-working, trustworthy, patient and dedicated

  •   5   (33 reviews)
  •  4 Reviews in Christchurch Central
  •  5 Sales in Christchurch Central
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