1-4/934 Colombo Street, St. Albans, Christchurch City, Canterbury

Priced by Negotiation

Offering a rare combination of location, scale, and flexibility, this unique investment property presents a valuable opportunity for investors seeking a multi-income asset with future development options. Situated on a generous 695sqm (more or less) of Medium Density Residential-zoned land spread over three titles, it offers immediate rental income with long-term upside.

The dwellings are split into four separate flats, providing a mix of tenancy options to suit a broad rental market. The layout has been optimized for rental yield; Flat 1 comprising of three bedrooms, kitchen, lounge and one bathroom. While Flats 2, 3, and 4 are made up of one bedroom, kitchen, lounge and one bathroom each.

• Zoned for Christchurch Girls' and Boys' High Schools
• Total rental income: $1,540 per week on a mix of periodic and fixed-term tenancies
• Rental appraisals indicate up to $2,040 per week
• 1 x 3 bedroom flat and 3 x 1 bedroom flats
• 695sqm (more or less) across three titles, giving you full control over future improvements
• Medium Density Residential zoning supports future development
• Located within walking distance to the CBD and One Stadium

With a stable income in place and rental upside identified, this property offers a solid holding opportunity for land banking or staged redevelopment. Its city fringe location, zoning, and site configuration make it well-suited to investors seeking flexibility, future gains, and consistent cash flow.

Our owners have given us clear instructions to bring all buyers and get this sold. Don't miss this rare opportunity to acquire a highly sought after property with exceptional potential for growth and value.

To download the Property Files, copy and paste the below into a new browser: https://www.propertyfiles.co.nz/5528348