Riccarton
1-3/54 Division Street, Riccarton, Christchurch
+14
Purpose Built Student Rentals
Priced - $820,000
3 Townhouses Available
Estimated Completion: January 2026
An exceptional opportunity for savvy investors - these brand-new, purpose-built townhouses are under construction and designed with both longevity and tenant comfort in mind. Each unit features four spacious bedrooms, each with built-in wardrobes and two modern bathrooms, including a private ensuite ensuring strong appeal to the modern rental market.
• Four bedrooms, all with built-in wardrobes
• Freehold title - no body corporate fees
• Modern finishes and brand-new appliances throughout
• Equipped with full double glazing and heat pump
• Walking distance to the University of Canterbury
• Tenanted at $880 per week on a 12-month fixed term tenancy from January 2026
With tenancies locked in at $880 per week on a 12-month fixed term tenancy from January 2026, these townhouses present great value to secure strong and consistent rental returns. Located just a short walk from the University of Canterbury, these properties are ideally positioned to deliver reliable returns with minimal vacancy.
These units are designed to meet Healthy Homes Standards and deliver strong long-term performance. With construction well underway and completion due in December 2025, you can align settlement with lease commencement - generating immediate rental income from day one.
Unit 1: $820,000 - Available
Unit 2: $820,000 - Available
Unit 3: $820,000 - Available
Our vendors have already committed to their next project and are motivated to sell. Don't miss this rare chance to secure a high-yield, hands-off investment in a prime location. Today's price, tomorrow's income - secure your investment before construction is complete
Please note: Images are artist impressions only; layouts may vary for each townhouse.
To download the Property Files, copy and paste the below into a new browser
Unit 1: https://www.propertyfiles.co.nz/5528541
Unit 2: https://www.propertyfiles.co.nz/5528581
Unit 3: https://www.propertyfiles.co.nz/5528583
Angela Webb
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Grace Bruere
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Investment
With Tenancies locked in at $880 per week on a 12-month fixed term tenancy from January 2026, these townhouses present great value to secure strong and consistent rental returns
Modern
Featuring brand-new, modern appliances and finishes, the home is purpose-built to meet Healthy Homes Standards and ensure maximum livability for tenants
Location
Located in close proximity to the University of Canterbury, Westfield Shopping Centre and an array of bars, restaurants and entertainment options
Spacious
Four spacious bedrooms, each with built-in robes, are complemented by two well-appointed bathrooms, including a private ensuite, offering ample comfort for future tenants
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