Wholesale Property

1 DIVISION STREET, RICCARTON, CHRISTCHURCH TOWNHOUSES

• Strong performing Christchurch suburb.

• Well designed, high quality, low maintenance townhouses in strong rental demand location

• 7 x 2 bedroom townhouses

• Opportunity for additional capital growth before settlement in early 2021

• Prices: 2 beds $485k - $549k

• 53% of dwellings in this suburb have 1-2 occupants and 21% have annual household income of $100k+

• The Christchurch market is undervalued based on the historical growth performance and growing gap between Christchurch and national average. The earthquakes in 2010 and 2011 and city rebuild have interrupted the growth cycle.

RICCARTON TOWNHOUSE AND HOUSE MARKET PERFORMANCE

Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof

PRICE AND AVAILABILITY SUMMARY

Note: The NSA/Net Sqm/Int. SQM area is calculated from the mid-point of the inter-tenancy wall to the external face of the façade as per PCNZ Guidelines.

ADDITIONAL DOCUMENTS

• Property Investors 2-bed forecast furnished

• Property Investors 2-bed forecast unfurnished

• First Home Buyers 2-bed forecast

• First Home Investors 2-bed forecast

• Rental appraisal

• Landscape plan

• Survey plan

• Floor plans

• Specifications

• Christchurch City Rebuild Masterplan

PROJECT OVERVIEW

Located on Division Street in Riccarton, these stunning Townhouses are just a stone’s throw from the Central City. It is with no doubt that finding new homes at an affordable price point is only going to get increasingly harder as Christchurch City’s population grows.

The open plan nature of the kitchen, living and dining provides everything you need for comfortable living. Our extremely functional kitchen will impress, which also includes a combination washer/dryer. There is a large storage space conveniently located under the stairs (additional storage space also upstairs as well as a separate toilet downstairs on the larger Townhouses). Upstairs are 2 full size bedroom(s), which include large built-in wardrobes. Also upstairs is either 1 or 2 full size bathroom(s). Outside is your own low maintenance, private courtyard with ample space for a barbecue, table and chairs. The outdoor area also includes a storage shed along with an outdoor power supply.

CHRISTCHURCH OVERVIEW

Christchurch is the largest city in the South Island of New Zealand and the heart of the Canterbury Region. The Christchurch urban area lies on the South Island's east coast, just north of Banks Peninsula. It is home to 404,500 residents, making it New Zealand's third-most populous city behind Auckland and Wellington.

The city suffered a series of earthquakes between September 2010 and January 2012, with the most destructive of them occurring at 12.51 p.m. on Tuesday, 22 February 2011, in which 185 people were killed and thousands of buildings across the city collapsed or suffered severe damage. By late 2013, 1,500 buildings in the city had been demolished, leading to an ongoing recovery and rebuilding project.

The city experienced rapid growth following the earthquakes. A Christchurch Central Recovery Plan guides rebuilding in the central city. There has been massive growth in the residential sector, with around 50,000 new houses expected to be constructed in the Greater Christchurch area by 2028 as outlined in the Land Use Recovery Plan (LURP). The rebuild of Christchurch and population growth has created significant investment opportunities for investors. Read more