SOLD
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+16

University Location with Dual Income

42 & 42a Suva Street, Upper Riccarton, Christchurch City

7
4
Positioned in the student rental area in Upper Riccarton, this 1950’s three-bedroom, two-bathroom residence with two studios at the rear plus a modern four bedroom two-bathroom stand-alone house presents an outstanding investment opportunity. Held as a long-term investment by the current owners, this property is being sold with current tenancies to December 2025 and with new leases in place from December 2025 to December 2026 for the student year, the vendors are very flexible on settlement date.

Located within a short distance to the University of Canterbury and Bush Inn Shopping Centre, the property benefits from consistent demand among students.
• The front house is configured with three bedrooms and two bathrooms plus two detached rooms
• The rear house is a modern four bedroom and two-bathroom stand-alone home
• Rentals of $925pw and $780pw Total $1,705pw for next year
• Located close to the University of Canterbury
• Functional, tenant-friendly layout designed for student lifestyle
• Generous off-street parking
• 632sqm (more or less) of TC1 land
• Zoned – MRZ (Median Density Residential)
This is a smooth transitional opportunity offering immediate cash flow and security for next year. Whether expanding your portfolio or starting in the student rental market this is a property that delivers on all fronts.

Our vendors are motivated and committed to finalising a sale. In a highly coveted location just a short walk or drive from the University of Canterbury, this property offers 632sqm (more or less) of TC1, Medium Density Residential zoned land. Currently leased, these rentals provide a reliable and consistent income stream from day one.

Contact NOW for a viewing time.
Source: Property Guru, CCC, Linz, Vendor.
42 & 42a Suva Street, Upper Riccarton, Christchurch City
SOLD Nov 25
Investment 
7 Bedrooms
4 Bathrooms
Listing ID GMR12016
Glass Miles

Price

SOLD Nov 25

Hamish Binnie

Business Owner & Property Consultant
Licensed under the REAA 2008

Neil McLaughlin

Residential & Investment Sales

Glass Miles

32 Riccarton Road
Riccarton
Christchurch, 8011
f.
03 343 5179
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