362 St Asaph Street, Christchurch Central, Christchurch

362 St Asaph Street presents a premium investment opportunity in the heart of Christchurch Central, a location benefiting from ongoing regeneration, strong tenant demand, and excellent long-term growth prospects. With capital growth averaging 4.41% over the past 20 years, Christchurch Central has continued to strengthen as new residential, commercial, and hospitality developments reshape the city. Positioned within the Central City Mixed Use (CCMU) Zone, this development also offers investors the flexibility to operate short-term accommodation, creating the opportunity to maximise returns from Christchurch's growing tourism and business travel market while retaining the option of a traditional long-term rental.

Rental demand remains strong, with the median rent in Christchurch Central at $500 per week and rental appraisals for these apartments ranging from $540 to $610 per week for long-term rental, delivering gross yields of approximately 4.10% to 4.77%. The appeal of modern, low-maintenance apartments continues to attract professionals, couples, downsizers, and investors seeking quality accommodation in the heart of the city, while the ability to utilise the property for short-term stays provides additional income flexibility.

Residents enjoy unrivalled access to Christchurch's best amenities, including Riverside Market, The Terrace, the retail precinct, cafés, restaurants, and the Avon River. Major employers, Christchurch Hospital, Ara Institute of Canterbury, and the city's commercial core are all within walking or cycling distance, while public transport and key arterial routes provide convenient access across the wider city.

Christchurch’s continued investment in infrastructure further strengthens the long-term outlook. Major projects such as the Te Kaha Stadium, central city redevelopment, transport improvements, and ongoing commercial investment are driving employment, tourism, and population growth. Combined with the flexibility of CCMU zoning, strong rental fundamentals, and an unbeatable central location, 362 St Asaph Street offers investors the opportunity to benefit from both long-term capital growth and the potential for enhanced returns through short-term accommodation.