It’s one building and one chance to secure an entire inner-city Christchurch collection in a single move.
Twenty-four brand-new one-bedroom apartments in Madras Street, bound by Armagh Street and Oxford Terrace and adjacent to the Margaret Mahy Playground, each carry resource consent for short-term accommodation including Airbnb.
“That consent is a benefit to any buyer,” says Colliers Christchurch Director of Investment Sales Courtney Doig, who is marketing The Poplars Building C, part of Fletcher Living’s One Central residential development spread over six city blocks in the East Frame area.
“What a unique opportunity this property presents – to purchase 24 individual titles in one line, currently under construction and due for completion early to mid-2027. That’s a nice lead-in time for an investor.
Start your property search
“The location is exceptional. The apartments run east to west, and they all have western terraces or balconies with good sight lines to the city over the playground, with views over the river and park towards Te Pae Christchurch Convention Centre and Tūranga city library.”
The apartments sit within one of the most connected pockets of central city living, moments from the Avon River, the playground, One NZ Stadium at Te Kaha, the convention centre, and the retail and dining precincts of Riverside Market, The Crossing, and New Regent Street.
What sets this offering apart isn’t just the scale, but the certainty of the building consent for short-term accommodation.
“This will be the first and only One Central property to be offered for sale using this approach,” says a Fletcher Living spokesperson.
Award-winning local architects Herriot Melhuish O’Neill designed the complex, and it was built by Fletcher Living.
The apartment sizes generously range from 52sq m to 61sq m, with west-facing balconies of between 11sq m and 14sq m capturing the afternoon sun and framing views over the playground and river.
Each home is finished with low maintenance materials and comes fitted with built-in wardrobes and a separate laundry.
Crucially, the unit title structure provides a further layer of flexibility.
An investor can acquire the full collection while retaining the option to sell individual titles over time, offering a potential pathway to realise capital progressively and enhance liquidity, or simply hold the portfolio and capture the substantial income opportunity.
“Selling these properties as one allows any purchaser to instantly own a large-scale investment portfolio,” the Fletcher Living spokesperson adds.
Doig says this combination of scale, flexibility, and liquidity makes the opportunity particularly compelling for a variety of investors.
“The complex would suit a motel or hotel serviced apartment operator, a syndicate, or high-net-worth individual looking for a cashflow investment, or residential property operators seeking a sizeable, immediately investable residential portfolio in a premium inner-city location.”
The One Central development where Building C is situated features apartments and terraced homes surrounding Rauora Park from Lichfield Street to Kilmore Street. The final stages are now under construction.
The Poplars Building C is offered for sale by deadline private treaty closing at 4pm on Thursday 24 September, unless sold prior.
- Supplied by Colliers
