1-5/296 Armagh Street, Christchurch Central, Christchurch

Auction brought forward

Auction brought forward to 11am, Mon, 8 Sep 2025
3 Deans Avenue, Christchurch

Situated across five titles with a combined area of 662sqm (more or less) of High Density Residential zoned land, this unique investment offers significant potential for a variety of uses. Currently developed with five dwellings and ample off-street parking, the site provides a diverse range of accommodation options and strong rental income, with further potential for capital growth.

•The front house comprises of four bedrooms, two bathrooms, a modern kitchen, and a separate laundry
•Flats 1 - 4 each have one bedroom, one bathroom, and a kitchen each
•Generous off street parking is available to tenants
•Currently generating a total weekly income of $1,940, with scope for further growth
•Total land area of 662sqm (more or less) across five titles, zoned High Density Residential
•Ideal for redevelopment or land banking
•Prime location: Close proximity to the newly developed One Stadium, popular Beat St Cafe, public transport, and a variety of local amenities including pubs, restaurants, and entertainment venues

This expansive site offers excellent flexibility for future development, while also delivering strong holding income from existing tenancies. Whether you are seeking to expand your investment portfolio, undertake a redevelopment project, or simply secure a high-yielding asset in a growth area, this property represents an exceptional opportunity.

Its strategic location near City Central and major lifestyle destinations enhances both its tenant appeal and long-term value.

Don't miss the chance to secure this exceptional opportunity and unlock its full potential. Our owner Our vendor is highly committed to a result and is open to pre-auction offers. Their instruction is clear, get this sold.

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