15 Centennial Avenue, Riccarton, Christchurch

Prime Position with Immediate Income

Auction Sale (unless sold prior)
12pm, Thu 25 Sept 2025
3 Deans Avenue, Christchurch 8011

Situated in a highly popular location just a short walk or drive from the University of Canterbury, this property encompasses 332sqm (more or less) of freehold, TC2 zoned Residential Suburban Density Transition zoned land.

Offering two single-level buildings, it provides comfortable accommodation comprising five bedrooms and one generous bathroom. The main house features three double bedrooms, a practical kitchen, and a sunlit living area equipped with a heat pump for those cooler months. Adjacent, the contemporary consented sleepout boasts two large bedrooms, creating a fully double-glazed environment.

•Main house is configured with three bedrooms and one bathroom
•Sleep out is configured with two bedrooms
•Off street parking available for tenants
•332sqm (more or less) of RSDT zoned land
•Tenanted for $925 per week from January 2026 until November 2026
•Located close to the University of Canterbury
•Fully Healthy Homes Compliant

A twelve month, fixed term tenancy is in place for $925 per week from January 2026 until November 2026. Offering a compelling combination of reliable cash flow and long-term capital growth potential, this property is ideal for those seeking to expand their investment portfolio with a high-yielding asset.

The property presents an exceptional investment opportunity, ideally positioned for proximity to educational institutions and offering potential for future growth. Our owner is motivated to sell on or before auction, with their next move already in progress.

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