Offered for sale exclusively through Savills, 424 Moorehouse Avenue. This asset comprises a NLA of 957sqm, a multi tenanted commercial building with 24 onsite car parks, advantageous billboard and 34m frontage.

The property is being sold with 67% NBS, net rent of $128,789.16 and with vacancy of 50% bringing the potential rent up to $274,319.16.

The property includes untapped potential for owner operators to occupy, retailers to showcase wares with the Moorhouse Avenue frontage or investors seeking upside.
Whatever the long-term prospect, the property sets the stage for an exciting and lucrative investment on one of Christchurch best business addresses.

Investment highlights:

• Potential net rent: $274,319.16
• Multi tenanted investment
• Excellent onsite car parking
• Expansive 34m frontage onto Moorhouse Avenue
• High profile position
• 50% vacant
• Conservative rental rates
• Dual frontages
• 67% NBS

Deadline sale closing 4pm, Thursday 26 September 2024 (unless sold prior).
Being offered for definite sale, please enquire with us now to avoid disappointment.