109–141 West Street and 55 Moore Street, Ashburton presents a rare opportunity to acquire a prominent, high-performing retail asset on a major corner site fronting State Highway 1 — Ashburton’s main arterial route.
Anchored by three nationally recognised tenants, including McDonald’s (since 1998), Harvey Norman (since 2007) and Z Service Station, the property offers proven tenant commitment and income stability. Leases include a mix of CPI-linked and market rent review provisions, providing both indexed growth and alignment with market performance.
Comprising two freehold titles with a combined land area of 8,640sqm, the site offers excellent on-site car parking and outstanding accessibility. With over 180 metres of road frontage, the site provides exceptional visibility and brand exposure for tenants.
Located within Ashburton’s key bulk retail precinct, the property is surrounded by leading national retailers including Mitre 10 MEGA, New World, The Warehouse, Briscoes, Rebel Sport, Noel Leeming, and Chemist Warehouse — further underscoring the strength of the location.
This is a compelling opportunity to secure a high-profile, income-generating retail investment in a strategic growth location — backed by long-standing national tenants, and future value upside in a tightly held commercial precinct.
The property is offered For Sale by Deadline Private Treaty, closing 4pm Thursday 11 Sept 2025 (unless sold prior).
*Boundary lines are indicative only
Features:
- High profile corner site
- National tenants
- 100% occupied by 3 individual tenancies
- Mix of CPI and market reviews
- Engineering report currently underway
- Current net income of $981,168 pa + GST*
- Land area of 8,640 sqm (more or less)
- Floor area of approximately 3,359 sqm
- Excellent onsite carparks
- 2.8 years overall WALT
More information: https://www.colliers.co.nz/p-NZL67035373
