Listed: Wed, 29 Apr

Multi income on High Density Land

1-7/173 Fitzgerald Avenue, City Centre, Christchurch City, Canterbury

Enquiries over $1,550,000

6+ Beds
6+ Baths
6+ Living areas
518m² Land

Attribute	Value
Property type	House
Capital value (CV)	$1,280,000
Agency reference	5530413
Broadband in the area	Fibre, ADSL, Cable, Satellite, Wireless

Negotiable over $1,550,000

Contact agents for viewing times - private viewing by appointment.

Situated on 518sqm (more or less) of High Density Residential zoned land, this investment presents significant potential across a range of uses. Currently configured as seven self- contained flats with ample off-street parking, the property offers strong existing income alongside future development upside.

3 x two-bedroom and 4 x one-bedroom flats
Currently returning $2,500 per week across a mix of periodic and fixed-term tenancies
518sqm (more or less) of High Density Residential zoned land
Fully double glazed with a recently refreshed exterior paint
All units compliant with Healthy Homes standards
Fully tenanted, providing immediate income continuity
Just a short walk to One New Zealand Stadium

Each flat is held on an individual tenancy and includes its own kitchen, living area, and bathroom, ensuring tenant independence and broad rental appeal. With tenants already in place, the property offers a seamless transition for a new owner.

Located in the Christchurch City Centre, the area continues to benefit from extensive post-earthquake regeneration, with a growing mix of retail, hospitality, and infrastructure driving demand for well-located accommodation.

The site provides considerable flexibility, continue operating as a high-yield investment or explore redevelopment opportunities in line with its high-density zoning. With its sought-after location, established income stream, and future potential, this property represents a compelling opportunity for investors.

After nearly 20 years of ownership, the vendor is motivated to move on from this strong cash flow investment and welcomes all interest.

To download the Property Files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/5530413

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Property Files

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Request the files from Angela.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE christchurch east school
311 Gloucester Street
168 m
Full Primary (Primary & Intermediate), State, 316 enrolled
IN ZONE te aratai college
85 Aldwins Road
1.6 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 1299 enrolled
IN ZONE te puna wai o waipapa - hagley college
510 Hagley Avenue
2.3 km
Secondary (Year 9-13) (Secondary), State, 2120 enrolled

IN ZONE hillview christian school
150 Wilsons Road
2.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 545 enrolled
IN ZONE christchurch adventist school
15 Grants Road
4.7 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 266 enrolled
IN ZONE marian college
2 Lydia Street
5.8 km
Secondary (Year 9-13) (Secondary), State : Integrated, 417 enrolled
IN ZONE middleton grange school
30 Acacia Avenue
6 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 1376 enrolled
UNZONED catholic cathedral college
62 Ferry Road
849 m
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 594 enrolled
UNZONED st mary's school (christchurch)
375 Manchester Street
1.2 km
Full Primary (Primary & Intermediate), State : Integrated, 123 enrolled
UNZONED ao tawhiti unlimited discovery
5 Mollett St
1.3 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State, 654 enrolled
UNZONED st michael's church school
249 Durham Street
1.5 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 146 enrolled
UNZONED the cathedral grammar school
2 Chester Street West
1.8 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 236 enrolled
UNZONED te pā o rākaihautū
7 McLean Street
1.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State, 203 enrolled
UNZONED christ's college
33 Rolleston Avenue
1.9 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 730 enrolled
UNZONED tkkm o waitaha
45 Hassals Lane
2.4 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State, 219 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.