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35 Seymour Street, Hornby, Christchurch City

Deadline Treaty - 14/05/2025 4:00pm

620m²

1,012m²

Premium residential investment with secure income stream

Colliers, as the exclusive marketing agent, is delighted to present 35 Seymour Street, Hornby—an outstanding long-term investment opportunity in a thriving and well-connected location.

This premium offering comprises seven newly built residential units, each designed with modern architecture and constructed with low-maintenance, permanent materials to ensure longevity and ease of upkeep. The development also features high-quality fixtures and appliances, enhancing both aesthetic appeal and functionality.

A 5 year lease was signed in October 2024 with a local community housing trust, providing investors with a stable and reliable income stream. Additionally, the lease includes two rights of renewal for a further 5 years each taking it through to an expiry of 2039. The purchaser will benefit from a 3% annual rental increase with minimal landlord outgoings (council rates only).

Situated within 1km of The Hub Hornby, one of Christchurch's key retail and commercial hubs, 35 Seymour Street is strategically positioned for convenience and accessibility.

Nearby amenities also include, Dress Mart Outlet centre, Denton Park, Mitre 10 Mega & other major retailers.

With a combination of modern construction, secure tenancy, rental growth and a central Hornby location, 35 Seymour Street presents a rare and highly attractive investment opportunity.

The property is offered for sale by Deadline Private Treaty closing 4pm, Wednesday 14 May 2025 (unless sold prior).

*Boundary lines are indicative only.

Features:

* Brand new multi-unit development

* 2 x 3 Bedroom units & 5 x 2 bedroom units

* Low maintenance, permanent materials

* Significant & immediate cashflow

* Annual 3% rental growth

* Net annual rental $250,000 + GST from October 3 2024 (inclusive of council rates)

* Long term lease to community housing provider

* Excellent surrounding amenities, including Hub Hornby

* 6 x Freehold titles

* Quality fixtures & materials

* Insured

Additional details

Type

House

Property ID

67033920

Listed on

09/04/2025

Updated

11 days ago

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Listed for sale on OneRoof for 45 days (last updated on 9 April). There are 26 properties for sale in Hornby.

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Hornby, Christchurch City

Hornby is a suburb which lies within the Territorial Authority of Christchurch, one of 116 residential suburbs which form the wider region. Hornby is the 15th largest suburb of Christchurch in terms of the total number of residential housing stock. Hornby provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Hornby is made up of approximately 99% residential housing and 1% residential investment housing properties.

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