18/31 Poulson Street, Addington, Christchurch City, Canterbury

Five Bathrooms. Five Tenancies. One Very Sensible Investment

Some properties charm you. This one pays you! Purpose-built for investment and located in popular Addington, this five-bed, five-bath unit has everything an experienced investor looks for: solid construction, proven demand, and no anticipated maintenance item lurking in the walls.

Completed in 2000, the complex offers modern conveniences, professional management, and the kind of tenant profile that keeps your Property Manager smiling. Each room is individually tenanted on fixed terms, generating consistent income without the exposure of a single-household lease.

Expect weekly rents in the $230 to $260 range per room, and enjoy the security of staggered lease expiries across all five occupants. (Individual tenancy summaries available to qualified buyers.)

With the title including an Accessory Unit and the body corporate maintaining the common property, the long-term upkeep stays sensible and so do your margins. Easements for services and shared access are already in place and typical for a property of this type.

Addington continues to attract renters who want city proximity without city chaos. You benefit from robust ongoing demand, low vacancy risk, and a building configuration that simply works.

If you're an investor who values structure, stability, and predictable income, this opportunity makes a compelling case for action.