148-152 Champion Street, Cannons Creek

Buyer Budget from $2,800,000

An exceptional large-scale investment opportunity within the Porirua community.

Set on a substantial 5,000m² site, this circa-1975 property comprises nine residential dwellings held on one title, configured across three buildings arranged in a tidy row. The mix includes:

• 3 x four-bedroom homes

• 6 x three-bedroom homes

With an impressive weekly rental income of $5,395, generating approximately $280,000 gross per annum, this is a proven performer delivering strong, consistent returns.

Zoned Medium Density Residential within an Intensification Precinct, the site allows for buildings up to 18 metres in height, presenting future development or redevelopment upside. Whether you choose to landbank, further enhance, or explore intensification options, the fundamentals here are compelling - scale, income, and zoning flexibility.

Location Highlights

Porirua offers the perfect balance of urban convenience and natural beauty. Enjoy proximity to beaches, estuaries, bush walks, and parks, while still being within easy reach of Wellington City and the Kapiti Coast.

The nearby train station on the Kapiti Line provides quick and convenient access into the capital, complemented by regular bus services and excellent motorway connections.

Porirua is known for its strong community feel, extensive shopping options, and abundant outdoor activities - making it a consistently desirable rental location.

Add this substantial, income-generating property to your portfolio and let your property manager take care of the rest.

Deadline Sale Closes Thursday 19th March at 12:00pm (unless sold prior)