1-2/398 Ferry Road, Woolston, Christchurch City, Canterbury

Offers/Enquires over $480,000

Contact agent for viewing times

Presenting a distinctive investment property offering a remarkable opportunity for multiple income streams. Situated on a 263sqm (more or less) of RSDT zoned land, this investment promises both immediate rental returns and future land-banking potential. The residence has been divided into two separate flats, enhancing versatility and maximizing investment returns. Both flats consist of one bedroom, one bathroom, and an open-plan kitchen and living area, and are leased for a total of $850 per week on periodic tenancies.

• Residential Suburban Density Transition zoning supports future development
• 263sqm (more or less) of freehold land
• 2 x 1 bedroom, 1 bathroom flats
• Rental appraisals showing up to $915 per week, combined
• Current rental income is $850 per week from periodic tenancies

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

The location is highly desirable, appealing to both tenants and developers, due to its proximity to Christchurch City, the Port Hills and The Tannery. The vendor, motivated by a portfolio downsizing, is committed to seeing this property sold. Don't miss the chance to secure a property with both strong land value and consistent cash flow.

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