Sold Christchurch · Christchurch Buyers Agency

Strong Rental, Multi income with Future Opportunities

84 Mathesons Road,, Christchurch, Christchurch

Deal won through Buyer’s Agency

We bought this one for a client.

Our premium overseas buyer was seeking a high-yield, multi-income property with strong capital growth potential and the flexibility for future changes if needed. Their ideal investment was a multi-income, student rental, or multi-block property with a minimum 6% yield and added value potential. They were open to a property requiring a low cosmetic tidy-up but wanted to avoid major renovations or Body Corporate restrictions. With a strong budget, their focus was on securing a solid, long-term investment in a prime Christchurch location.

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In the client’s words

Buying an investment property in Christchurch while living overseas felt like a daunting prospect, but Dave Luhrs and Leanne Roulston made the entire process seamless. They found us the perfect property according to our requirements, and then guided and assisted us as necessary through every aspect of the due diligence with care and efficiency.

Their patience, clear communication, and reassuring support made all the difference, especially when we had questions or concerns. Thanks to Dave and Leanne, what could have been a stressful experience turned into an exciting and smooth journey. We wouldn’t hesitate to use their services again in the future!

Michael and Yvonne
A Buyer’s Agency client
Christchurch · sourced by Leanne Roulston
  • 6 Bedrooms
  • 6 Bathrooms
  • 6 Car parking
  • New Zealand Land area
  • Crosslease (Freehold) Estate type

Description

We discovered what we would almost call a unicorn in the Christchurch market—an exceptional investment opportunity that ticked all the right boxes. As soon as we identified Mathesons Road, an off market property, we reached out to the owner to gauge interest in selling. Shortly after, the property attracted significant attention, leading to a multi-offer situation with three other interested parties.

This standout property featured six renovated one-bedroom units, each with its own garage, offering strong rental potential. The property was self-managed and under-rented, providing immediate upside for the new owner. Both the interior and exterior had recently been renovated, ensuring a low-maintenance, high-quality asset. Located in a highly sought-after area for developers, many neighboring properties had already been redeveloped, making this a prime future opportunity.

What set us apart in securing the deal was Michael’s commitment to preserving the existing community—ensuring the tenants were looked after rather than redeveloping the site into modern townhouses. This aligned with the owner's wishes, giving us a competitive edge in the multi-offer process.

Winning the deal for Michael our Premium Buyers Client, we worked closely with the owner to support the tenants through the due diligence and settlement process. Not only does this property offer immediate cash flow, but with planned rent increases, it will soon achieve a 7% gross yield. Additionally, the option to separate each unit onto its own title presents a significant value-add opportunity. This flexibility to sell units individually if needed in the future, combined with its prime location, makes this an outstanding long-term investment.

Property details

Bedrooms
6
Bathrooms
6
Car parking
6
Land area
New Zealand
Estate type
Crosslease (Freehold)