Auction (unless sold prior)
11am, Thu 5 Nov 2026
3 Deans Avenue, Christchurch
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 498sqm (more or less) parcel of High 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. Each flat offers two bedrooms, one bathroom and an off street car park.
• Currently generating $1,795 per week across a mix of periodic and fixed-term tenancies
• Comprising 4 x two-bedroom flats
• Ample space for each unit to have an off street car park each
• 498sqm (more or less) of High Density Residential zoned land, offering scope for potential future development and enhancement
• Fully double glazed through all units
• Conveniently located within walking distance to the CBD and One New Zealand Stadium
• Rental appraisals showing up to $2,080 per week
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 to sell on or before auction day. Opportunities of this scale and potential are increasingly scarce - act promptly to secure this standout investment.
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 following link into your browser: https://www.propertyfiles.co.nz/5531972
