Investment Opportunity 4 x 2 Bedroom Units

Our owners have owned this block of 4 x 2 bedroom units for 19 years. Located on 1006m² of Residential Medium Density, TC2 land. Four lock up single garages plus extra off-street car parking. All EQC repairs have been completed and Insurance in place*.


Addington, 1-4/67 Poulson Street - ref #S1844

  • Negotiable over $899,000
  • 4 x 2 Bedroom/s
  • 4 Bathroom/s
  • 4 Garage/s

Property Information

  • Listing #S1844
  • Legal descriptionLot PT2 DP19913
  • CT number CB10/1179
  • Land area 1006m²
  • Floor area 300m²
  • Land zone RMDTC2
  • Land value $475,000
  • Improvements $165,000
  • Capital value $640,000
  • Rates $4,619.29pa
  • The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.

Returning $265, $315, $315 & $275 = total of $1,170 per week = $60,840 per annum 6.76% return on asking. (All tenancies on periodic with two long term tenants).

Units 2 & 3 have been updated with modern kitchens with stoves, range hoods and dishwashers. Units 1 & 4 have a tidy original kitchen with plenty of cupboards. All units have spacious and sunny living areas with heat pumps and ventilation systems. (Units 2 & 3 are open plan) All bedrooms in the flats are genuine double bedrooms with built in wardrobes. The bathrooms in Unit 2 & 3 have been modernised with separate showers, vanities and toilets. The other two flats have showers over baths, vanity and toilet.

Prime location, close to Hagley Park, Christchurch Hospital, The CBD and Addington's restaurants and bars. Zoned for Christchurch South Intermediate. Addington and West Spreydon Schools are close by.

A great investment block for any investor to add to their portfolio or for someone who is just starting out.

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To view, call Braziers on 377 7122

Braziers Limited MREINZ
Licensed Real Estate Agents

Rebecca Manawatu

03 963 3942 (DDI)
021 570 156 (Mobile)

Neil McLaughlin

03 963 3944 (DDI)
027 432 4290 (Mobile)

The Real Estate industry recommends that, prior to making an offer on any property, prospective purchasers first seek their own legal advice. Any reference to yield or annual return is shown on a 52 week basis.  Third party information from local authorities etc should be checked independently before being relied upon for accuracy.