This is an exceptional opportunity for an astute investor to secure a split-risk retail investment in a high-profile location within one of Christchurch’s most rapidly expanding suburbs.
Positioned in the thriving suburb of Halswell, the property at 490 Sparks Road is fully occupied by six well-established retail tenants. This diverse tenancy mix provides income stability and mitigates risk for investors, while the strong surrounding residential catchment ensures a steady flow of customers to the site.
Occupying a 986 sqm freehold landholding, the improvements consist of a single-level retail block constructed circa 1960s. The retail block offers excellent street frontage, high visibility, and easy accessibility, making it ideal for long-term tenant retention. The site also benefits from off street parking onto Sparks Road.
Halswell’s strong population growth has brought increased demand for local retail services. The investment currently returns a passing income of circa $115k per annum, which will put this in an affordable price bracket.
With multiple income streams, a proven tenant base, and an unrivaled position in one of Christchurch’s highest growth corridors, this investment provides a secure and strategic acquisition for any commercial property portfolio.
The Trust has made the decision to move on, therefore this opportunity warrants your immediate consideration.
The property is offered for sale by Auction 10am, Thursday 18 September 2025 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
- Land area – 986sqm
- Net income – Approx - $115K PA + GST
- Split risk investment
- Total of 6 tenancies
- Off street parking
- High growth residential catchment
- High profile retail block
- Established tenant mix
More information: https://www.colliers.co.nz/p-NZL67035718
