Investment Opportunity in Cathedral Junction

Positioned above Cathedral Junction, this apartment offers an unparalleled opportunity to immerse yourself in the heartbeat of our city's redevelopment. With current management in place, you can enjoy a hands-off investment. This flexibility ensures that your investment aligns perfectly with your lifestyle and goals.

Key Features:
• Stratum in freehold- Studio Apartment
• Managed by Quest Apartments - you will not have to deal with tenants as this is looked after by the hotel, the final lease expiry is on 24/05/2029
• The total floor area of approximately 29m2 more or less
• CV: $150,000
• Rates: $1,314.16 per annum
• Body Corp Levy: $3,362.96 per annum (including GST, Levy Period 1/3/2024 to 28/2/2025)
• Generating a return of approx. $15,560.00 per annum plus GST(if any) is paid directly into your bank account

Asking Price: $165,000 plus GST (if any)

This is a great opportunity for investment. The highly motivated vendor is eager to sell.
Now is the right time to secure a smart investment. Contact May Ma at 021 821 600 or Mark Li at 021 330 678 to make a deal!

NOTE - photos are of a similar unit in the building, furniture will differ from photos.

Explore the area

School catchments

Ao Tawhiti Unlimited Discovery Composite Years 1-15 State 0.62km
St Michael's Church School Full primary Years 1-8 Private 0.64km
Christchurch East School Full primary Years 1-8 State 0.80km
St Mary's School (Christchurch) Full primary Years 1-8 State integrated 0.83km
The Cathedral Grammar School Full primary Years 1-8 Private 0.86km
Christ's College Secondary Years 9-15 Private 0.93km
Catholic Cathedral College Secondary Years 7-15 State integrated 1.0km
Te Puna Wai o Waipapa - Hagley College Secondary Years 9-15 State 1.5km
St Margaret's College Composite Years 1-15 Private 1.8km
Selwyn House School Full primary Years 1-8 Private 2.0km
Rangi Ruru Girls' School Secondary Years 7-15 Private 2.1km
Waltham School Full primary Years 1-8 State 2.2km
Christchurch Girls' High School -Te Kura o Hine Waiora Secondary Years 9-15 State 2.3km
St Albans School Primary Years 1-6 State 2.5km
Te Aratai College Secondary Years 7-15 State 2.5km
Addington Te Kura Taumatua Primary Years 1-6 State 2.5km
Christchurch South Karamata Intermediate School Intermediate Years 7-8 State 2.6km
Pareawa Banks Avenue School Primary Years 1-6 State 2.6km
Elmwood Normal School Primary Years 1-6 State 2.7km
Sacred Heart School (Christchurch) Full primary Years 1-8 State integrated 2.7km
TKKM o Waitaha Composite Years 1-15 State 2.7km
Te Pā o Rākaihautū Composite Years 1-15 State 2.7km
Hillview Christian School Composite Years 1-15 State integrated 3.0km
St Andrew's College (Christchurch) Composite Years 1-15 Private 3.3km
Christchurch Boys' High School Secondary Years 9-15 State 3.3km
Rudolf Steiner School (Chch) Composite Years 1-15 State integrated 3.7km
Cashmere High School Secondary Years 9-15 State 4.0km

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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