Auction (unless sold prior)
from 11am, Thu 26 Nov 2026
3 Deans Ave, Christchurch
An opportunity for investors, developers, and land bankers to secure a substantial 1,016sqm (more or less) landholding in a sought-after city fringe location.
Offered on an "as is, where is" basis, the property comprises four residential units on separate titles, currently generating $66,560 in annual rental income. A recent rental appraisal indicates potential income of up to $83,200 per annum, highlighting the opportunity to enhance returns.
Zoned Medium Density Residential, the property offers potential for future redevelopment, subject to the necessary consents and approvals.
Key features:
• 1,016sqm (more or less) freehold landholding
• Medium Density Residential zoning
• Four separate titles
• Four two-bedroom residential units
• Each unit has its own garage
• Currently generating $66,560 in annual rental income
• Recent rental appraisal indicates potential income of up to $83,200 per annum
Collect the income today, unlock the potential tomorrow.
Please copy and paste this website address into your internet browser to download the property files: https://www.propertyfiles.co.nz/5532186
