Listing Description
Diverse Income from Four Tenancies
103 Colombo Street, Somerfield, Christchurch City, Canterbury
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Capital value (CV) | $1,620,000 |
| Agency reference | LIC31123 |
| Broadband in the area |
Description
PROPERTY FILES: https://www.propertyfiles.co.nz/property/103ColomboStreet
Constructed in 2013, this post-quake development at 103 & 105 Colombo Street presents a rare opportunity to secure four separate homes on a single title. Designed for durability, low maintenance, and strong yield potential, this fully maintained property is the ideal turnkey investment.
Currently returning $2,065 per week across all tenancies, the homes are fully occupied and demonstrate excellent income security. The total floor area of 304sqm sits on generous 764sqm grounds, thoughtfully designed for both tenant comfort and investor peace of mind.
Each of the four homes features:
- Two bedrooms
- Family bathroom
- Dedicated laundry space
- Open plan kitchen, dining, and living area
- Comprehensive chattels package including all-in-one washer/dryer, fridge/freezer, double and single beds, and more -Off-street parking for each home
Additional features:
- The rear two homes enjoy generous backyard spaces, perfect for tenants or Airbnb guests
- Bus stop at the front providing easy access to Christchurch CBD
Location Highlights:
Positioned in highly sought-after Somerfield, residents benefit from both convenience and lifestyle:
- Christchurch CBD - quick access for work, shopping, and dining
- City South Library & Cafe - just minutes away
- Cashmere Club - local community and sports hub
- Malthouse Theatre - arts and entertainment nearby
- Parks & walkways - riverside tracks and green reserves for outdoor recreation
- Port Hills - walking, running, and biking trails on the doorstep
- Christchurch Adventure Park - premier destination for mountain biking
- School zoning - highly desirable Cashmere High School, plus local primary schools
Flexible Investment Options:
With four modern homes on one title, this property provides exceptional versatility. Maintain the strong tenancies for consistent income, or explore short-term accommodation options such as Airbnb to maximise returns.
A rare, complete portfolio investment in a premium location - a truly turn-key opportunity not to be missed.
For a private viewing and/or a full information pack on this listing please contact Rowan Shepherd on rowan.shepherd@raywhite.com
Open home times
Property Files
Discover more about this property.
Request the files from Rowan.