Wholesale Property

243 - 247 KILMORE ST, CHRISTCHURCH CBD, TOWNHOUSES

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

• 6 x 1 & 2 bedroom townhouses

• Opportunity for additional capital growth before settlement in April 2021

• Within walking distance (200m) to popular cafes, bars & restaurants, 2km to shopping mall, 10km to airport

• Prices: 1 bed $435k, 2 beds $520k - $525k

• 79% of dwellings in this suburb have 1-2 occupants and 35% have annual household income of $70k+

• 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.

CHRISTCHURCH CENTRAL TOWNHOUSE/HOUSE MARKET PERFORMANCE

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

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate.

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 1-bed forecast unfurnished

• Property Investors 2-bed forecast unfurnished

• First Home Buyers 1-bed forecast

• First Home Investors 2-bed forecast

• Property investment 1 page snapshot

• Rental appraisals

• Landscape plan

• Survey plan

• Floor plans

• Specifications

PROJECT OVERVIEW

Located on and Kilmore Street and backing onto the balance of the project on Nova Place, these Townhouses are walking distance to New Regent Street, Margaret Mahy Family Playground, Central Christchurch and many other amenities. 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.

On the Ground Floor, the kitchen, dining and living areas are open plan. There is a Washer/Dryer Combination conveniently located within the kitchen and a large storage space under the stairs (additional storage space also upstairs). Upstairs is either 1 or 2 full size bedrooms, which include large built-in wardrobes. Also upstairs is a full size bathroom or ensuite. Outside is a low maintenance private courtyard, which includes a Clothesline, Storage/Bike Shed and 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