Christchurch CBD - 317 Gloucester Street

Featuring spacious living, dining and kitchen. These units suit first home buyers, people downsizing, investors or people wanting a central city location.

Excellent Opportunity for Investors or Owner Occupiers

Similar properties in the area are selling in the vicinity of $350,000 and $450,000.

Expected rent of $380 per week.

Excellent CBD location walking distance to all major city attractions. Central city at your doorstep.

Resource consent is issued with a mid-2018 completion anticipated.

Property Overview

Williams Corporation Limited is proud to be developing these 15 well designed units right in the heart of Christchurch City. Featuring a spacious living, dining and kitchen area along with a more than adequate sized bathroom and bedroom with ample storage.

These units suit first home buyers, people downsizing, investors or people wanting a central city location to stay or reside in. With the central city at your doorstep the lifestyle these units will provide is sure to be fantastic.

Resource consent is issued with a mid-2018 completion anticipated

  • Weatherboards and hebel cladding
  • Raft foundations
  • Double glazed windows and fully insulated
  • Professional landscaping
  • Covered shed outdoors for your bicycle
  • Open plan living
  • Built in smart robes
  • Led lighting including dimmers in the bedroom
  • Tiled floors
  • Pre wired for TV and Internet
  • No body corporate so very affordable to own
  • Excellent CBD location walking distance to all major city attractions

Why buy a home built by Williams Corporation Limited?

  • Christchurch owned and operated
  • High quality products such as solid air barriers (instead of building paper), upgraded carpet, upgraded hardware, upgraded flooring, upgraded insulation, watermarked plumbing and bathroom supplies, LED lights, washable interior paint and much more.
  • Latest rib raft foundations
  • Aligned with well known, reputable suppliers and contractors to ensure the highest quality products are used and the highest quality finish is obtained
  • All deposits held in trust until settlement
  • Reliable trading history with many happy clients to date
  • Well thought out floor plans
  • Safe building envelope
  • Professional landscaping
Nature of Property

15 one bedroom, one bathroom townhouses to be positioned on a share of 1,012 square metre allotment within the Central Business District of Christchurch.

The properties are to have their own separate fee simple title.

The property will be clad with plaster over Hebel and horizontal aluminium weatherboards and pre-painted corrugated steel roofing.

Similar properties in the area are selling in the vicinity of $350,000 and $450,000.

Investment Fundamentals
Zoning Residential 4A - Christchurch City Council – CCR – Central City Residential under the Christchurch Replacement District Plan
Floor Area Units 1,7 - 51.30 square metres
Units 2-5,8-11 - 50.66 square metres
Unit 6,12 - 50.46 square metres
Unit 13 - 50.94 square metres
Unit 14 - 50.84 square metres
Unit 15 - 50.94 square metres
Market Value

Unit 1 ($370,000)
Unit 2 ($375,000)
Unit 3 ($375,000)
Unit 4 ($370,000)
Unit 5 ($370,000)
Unit 6 ($377,000)
Unit 7 ($370,000)
Unit 8 ($380,000)
Unit 9 ($380,000)
Unit 10 ($375,000)
Unit 11 ($375,000)
Unit 12 ($380,000)
Unit 13 ($385,000)
Unit 14 ($375,000)
Unit 15 ($387,000)
All Units include $15,000 chattels

Status of development Mid-2018 completion anticipated
Price range $370,000-$387,000
Capital Growth Rate 6.5%
Estimated gross yields 5.12%
Net yield 4.19%
Population growth 2% (Population 375,000 reference ccc.govt.nz)


Complete Your Details to Register Your Interest


Register Your Interest

By completing this form, you agree to be contacted by a member of our property team for a no-obligation conversation about this opportunity.

This is NOT a contract for the sale and purchase of a property. Completing this form does not commit you to purchase: this is an expression of interest form that allows our property team to contact you about this investment opportunity, answer any questions you may have and help you to select the unit that best meets your investment preference.