82B Avonhead Road, Avonhead

Development with holding income

Enquiries over $950,000

Viewing by appointment

The property is sold on an “as is, where is” basis, with earthquake repairs requiring a willing buyer for completion, or complete the subdivision and build, options aplenty. It features five generously sized bedrooms, three living spaces, three bathrooms, a double internal access garage, and ample off-street parking. Fully consented to subdivide into two sites, giving a wealth of possibilities awaiting exploration.

Currently leased under a fixed-term tenancy until November 2025, the property generates a steady rental income of $900 per week, with the potential for rental growth at the start of the next tenancy. Ideally located within walking distance or a short drive from the University of Canterbury, this property consistently attracts student renters, ensuring minimal vacancy periods.

• Consented to subdivide the 1,270sqm (more or less) land
• Sold on an “as is, where is” basis
• Five spacious double bedrooms
• Current rental income of $900 per week
• Internal access double garage and ample off-street parking
• Opportunity to add additional rooms and increase income potential

The motivated vendor is eager to explore new opportunities and is committed to finalizing the sale. Don’t miss this outstanding chance to enhance your investment portfolio with a solid and profitable asset.