Skip to site navigation Skip to main content
main content

Dual Income. Proven Returns. Central Location.

Ray White Addington (Wright Track Real Estate Ltd), (Licensed: REAA 2008)

Listed 23 Jun

101/341 Madras Street, City Centre, Christchurch City, Canterbury

Asking price $600,000

Bed2
Bath2
Parking1

Details

2 bedrooms
2 bathrooms
1 off street park
Townhouse
Property interior
Property interior

Dual Income. Proven Returns. Central Location.

$850 per week. 7.37% gross yield. Two income streams. One title.

Investment opportunities delivering this level of cash flow are becoming increasingly difficult to find.

This dual-key apartment comprises a one-bedroom apartment and a self-contained studio, each with its own entrance, kitchen and bathroom. Both are currently tenanted separately, generating:

Unit 101A: $500 per week Unit 101B: $350 per week

Returning a combined $850 per week, the property delivers an impressive 7.37% gross yield while providing two independent rental incomes from a single title. Whether you're looking to maximise cash flow, diversify tenant risk, or simply secure a high-performing investment, this configuration offers flexibility that is rarely available.

Built post-earthquake and designed for low-maintenance ownership, the property also includes a designated car park - a valuable asset in Christchurch's central city.

Located within walking distance of Riverside Market, Te Kaha Stadium, the CBD, cafes, restaurants and major employment hubs, this is an investment underpinned by strong rental demand and an unbeatable location.

For investors seeking proven returns, multiple income streams and a prime central-city position, 101/341 Madras Street is an opportunity not to be missed.

To download the information for this property, please copy this link into your web browser: https://www.agentsend.com/5QXZ

Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.

Agent

No updates from the agent yet

Watchlist this listing to get updates

Discover more about this property

Request files from Ali

3,366
Page views
90
Watchlisted
53
Days on site

101/341 Madras Street has been viewed 3,366 times since it was first listed on 23 June. There are 90 people keeping an eye on it.

All — 1
All — 2
All — 3
All — 4
All — 5
All — 6

101/341 Madras Street, City Centre, Christchurch City, Canterbury

Tour the property

There are currently no open home times scheduled, please reach out to the agent to find a time.

Video

Property video
We are upgrading some of our systems
Learn more