Fantastic Deal in Christchurch's Premier Location

The Verve, 48 – 52 Peterborough Street, Christchurch - 3br Dual Key from $709,000, incl car park. Other configurations available.

We are excited to offer a range of units in The Verve Precinct as investment opportunities.

The Verve Precinct will be located on prestigious Peterborough Street in Central Christchurch and offers an exciting blend of premium finish with investment-optimised dual key configuration in set units.


Highlights:

Property Features: Dual Key (1 or 2br unit + studio)

  • Price: 3br Dual Key from $709,000, incl car park. Other configurations available.
  • Gross Yield: Potential 6 - 7%
  • Registered Value: Varies by unit
  • Equity: Up to $160,000
  • Rent Appraisal: $700 - $820 p/w (1br + studio dual key)
    $860 - $980 p/w (2br + studio dual key)
    Written Appraisal available to potential purchasers.
  • Annual Rates: Approx. $3,000
  • Annual Body Corporate Fee: Approx. $3,095 per property

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Additional Information

First, the location, the Verve will be in the heart of Christchurch on Peterborough Street, which is about as good an area as you can find. Second, the height advantage - The Verve is being built to 11 floors, rather than the maximum 4-story for newly permitted developments, which allows it to offer unparalleled views over Christchurch. It is sure to become a local landmark.

The Verve will incorporate two adjacent buildings, linked by a raised and landscaped common area, and will include 2 levels of car parks. Very few apartment complexes are being built with car parks in Christchurch so this will make it a rarity in itself. Please note that to add a carpark to your purchase will be an extra $20,000 on top of the purchase price. The Precinct will include one, two and three bedroom apartments with expansive living areas.

The Verve will also be energy efficient, full of natural light and offer 360-degree views over central Christchurch.

SPECIAL OFFER - Has been extended for iFindProperty ONLY: 2 dual-key units have been offered to iFindProperty clients at a large discount to valuation for a very short time.

The offer is:

  • Discount of $90,000 - $160,000 per unit
  • Free inclusions of blinds, washer/dryer in both apartment & studio, "murphy bed" in studio, heat pump in main unit and panel heater in the studio

  • 5 units only, all dual key (apartment + studio)

Each unit in your dual-key property will be fitted with separate water and electrical services, bathrooms, kitchens and laundries and the soundproofing and fire rating will comply with Council and insurance regulations.

The big benefit of dual key is you pay Rates and Body Corporate Fees for only the single Unit Title while receiving two income streams from the property.

This is a top-tier product with investment properties alongside $1.5 to $2 million dollar apartments. So if you are searching for a truly top quality investment, this is the project for you.

  • 70% predicted owner occupier
  • 80% LVR (exempt from RBNZ restrictions
  • Great cashflow (contact us for projections)
  • Buying brand new in a central blue chip area before the market moves
  • The council plans for 20,000 people to live in Central Christchurch by 2041
  • Just 10% deposit and balance at completion

This property is an "off the plan" investment. This means you can buy now with only a 10% deposit and pay the balance upon construction being completed. Being an Off The Plan investment also means that the property is eempt from the current LVR restrictions put in place by the Reserve Bank. This means that 80% lending (vs 60% current maximum on existing property) is possible on this property.

Standard apartments also available, please enquire.

Amenities

In the heart of the CBD, this property provides the lifestyle people want from a city centre location. Benefiting from its position just off Victoria Street, the Verve will attract tenants eager to exploit its proximity to Christchurch’s new shops, restaurants, and the short walk to work.

This location has seen significant private investment in the last 3 years. Newly constructed modern buildings now line Victoria Street and are already tenanted by high profile national and international firms.

Recognising the importance of Victoria Street as an iconic approach street into the city centre, Christchurch City Council also plans to spend $6 million landscaping and upgrading this location.

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

Contact us about this property

Agent Contact Details

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

I used Maxine to buy an apartment while overseas, she was very quick to reply to all my questions. Working with her made the whole process go a lot smoother. She understands the struggles of buying Property while overseas so she helped me out in anyway she could. I would highly recommend her.

Moemen Elbeltagi

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.