Sold
101/341 Madras Street,
Central City, Christchurch City
NZD 567,000
Property details
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Agents
Ray White Addington: Next Step Realty Limited Licensed (REAA 2008)
110 Wrights Road, Addington Christchurch City 8024
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Dual Income. Proven Returns. Central Location.
$850 per week. 7.49% gross yield. Two income streams. One title.
Investment opportunities delivering this level of cash flow are becoming increasingly difficult to find.
This dual-key apartment comprises a one-bedroom apartment and a self-contained studio, each with its own entrance, kitchen and bathroom. Both are currently tenanted separately, generating:
Unit 101A: $500 per week
Unit 101B: $350 per week
Returning a combined $850 per week, the property delivers an impressive 7.49% gross yield while providing two independent rental incomes from a single title. Whether you're looking to maximise cash flow, diversify tenant risk, or simply secure a high-performing investment, this configuration offers flexibility that is rarely available.
Built post-earthquake and designed for low-maintenance ownership, the property also includes a designated car park - a valuable asset in Christchurch's central city.
Located within walking distance of Riverside Market, Te Kaha Stadium, the CBD, cafes, restaurants and major employment hubs, this is an investment underpinned by strong rental demand and an unbeatable location.
For investors seeking proven returns, multiple income streams and a prime central-city position, 101/341 Madras Street is an opportunity not to be missed.
To download the information for this property, please copy this link into your web browser:
https://www.agentsend.com/5QXZ
Key Details:
Floor Area: 75m2 more or less
CV: $590,000
LV: $360,000
IV: $230,000
Rates: $3,821.04
Built: 2018
Body Corporate Levies : $7,375.50
Legal Description: Principal Unit 2 and 1/4 share of Accessory Unit 19 Deposited Plan 516059
Certificate of Title: 803805
Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.
Investment opportunities delivering this level of cash flow are becoming increasingly difficult to find.
This dual-key apartment comprises a one-bedroom apartment and a self-contained studio, each with its own entrance, kitchen and bathroom. Both are currently tenanted separately, generating:
Unit 101A: $500 per week
Unit 101B: $350 per week
Returning a combined $850 per week, the property delivers an impressive 7.49% gross yield while providing two independent rental incomes from a single title. Whether you're looking to maximise cash flow, diversify tenant risk, or simply secure a high-performing investment, this configuration offers flexibility that is rarely available.
Built post-earthquake and designed for low-maintenance ownership, the property also includes a designated car park - a valuable asset in Christchurch's central city.
Located within walking distance of Riverside Market, Te Kaha Stadium, the CBD, cafes, restaurants and major employment hubs, this is an investment underpinned by strong rental demand and an unbeatable location.
For investors seeking proven returns, multiple income streams and a prime central-city position, 101/341 Madras Street is an opportunity not to be missed.
To download the information for this property, please copy this link into your web browser:
https://www.agentsend.com/5QXZ
Key Details:
Floor Area: 75m2 more or less
CV: $590,000
LV: $360,000
IV: $230,000
Rates: $3,821.04
Built: 2018
Body Corporate Levies : $7,375.50
Legal Description: Principal Unit 2 and 1/4 share of Accessory Unit 19 Deposited Plan 516059
Certificate of Title: 803805
Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.
Explore the area
School catchments
- St Mary's School (Christchurch) Full primary Years 1-8 State integrated 0.31km
- Christchurch East School Full primary Years 1-8 State 0.72km
- The Cathedral Grammar School Full primary Years 1-8 Private 1.2km
- St Michael's Church School Full primary Years 1-8 Private 1.3km
- Ao Tawhiti Unlimited Discovery Composite Years 1-15 State 1.3km
- Christ's College Secondary Years 9-15 Private 1.4km
- Catholic Cathedral College Secondary Years 7-15 State integrated 1.5km
- St Margaret's College Composite Years 1-15 Private 1.8km
- Selwyn House School Full primary Years 1-8 Private 1.8km
- St Albans School Primary Years 1-6 State 1.9km
- Pareawa Banks Avenue School Primary Years 1-6 State 1.9km
- Te Hiwa Shirley Primary School Primary Years 1-6 State 2.1km
- Te Puna Wai o Waipapa - Hagley College Secondary Years 9-15 State 2.1km
- Rangi Ruru Girls' School Secondary Years 7-15 Private 2.1km
- St Albans Catholic School (Christchurch) Primary Years 1-6 State integrated 2.2km
- Te Oraka Intermediate Years 7-8 State 2.4km
- Te Pā o Rākaihautū Composite Years 1-15 State 2.5km
- Te Aratai College Secondary Years 7-15 State 2.5km
- Christchurch Girls' High School -Te Kura o Hine Waiora Secondary Years 9-15 State 2.5km
- Elmwood Normal School Primary Years 1-6 State 2.5km
- Whītau School Primary Years 1-6 State 2.7km
- St Andrew's College (Christchurch) Composite Years 1-15 Private 3.0km
- TKKM o Waitaha Composite Years 1-15 State 3.1km
- Mairehau High School Secondary Years 9-15 State 3.5km
- Hillview Christian School Composite Years 1-15 State integrated 3.5km
- Christchurch Boys' High School Secondary Years 9-15 State 3.6km
- Christchurch Adventist School Composite Years 1-15 State integrated 3.8km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Ali Ahmadi
101/341 Madras Street, Central City 8011
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Ali Ahmadi
101/341 Madras Street, Central City 8011