Purpose-built student rentals, 6% plus return

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Purpose-built student rentals, 6% plus return - Main view

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House for sale

1-3/54 Division Street, Christchurch City, Riccarton

381.987 €

Listed Apr 14, 2026

About this listing

Priced $749,000 3 Brand New Townhouses Available An exceptional opportunity for savvy investors, these brand-new, purpose-built townhouses are now fully completed with tenants already moved in, delivering immediate rental income from day one. Constructed and designed with both longevity and tenant comfort in mind, each townhouse features four spacious bedrooms with built-in wardrobes and two modern bathrooms, including a private ensuite, ensuring strong appeal to the modern student rental market. •Guaranteed rental income - $880 per week, tenanted until January 2027 •Four bedrooms, all with built-in wardrobes •Two modern bathrooms •Freehold titles •Fully Healthy Homes compliant •Double glazing and heat pump for year-round comfort •Tenants already in place - immediate cash flow •Walking distance to the University of Canterbury •High tenant demand in a proven rental location With fixed-term leases secured through January 2027, investors can enjoy stable, hands-off income from settlement. Located just a short walk from the University of Canterbury, these properties are perfectly positioned to deliver reliable returns with minimal vacancy. Designed to meet Healthy Homes Standards and built for durability, these low-maintenance properties provide strong long-term investment performance in one of Christchurch's most consistent student rental locations. Our vendors have already committed to their next project and are highly motivated to sell. Don't miss this rare opportunity to secure a high-yield, low-maintenance investment with income from day one. Available Units: •Unit 1: $749,000 - Available •Unit 2: $749,000 - Available •Unit 3: $749,000 - Available To download the Property Files, copy and paste the below into a new browser: Unit 1: https://www.propertyfiles.co.nz/5530099 Unit 2: https://www.propertyfiles.co.nz/940550003 Unit 3: https://www.propertyfiles.co.nz/910530003Show more

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