Development site with neighbouring holding income or retail investment with development site….whichever way you look at it, timing couldn't be better to secure these two appealing opportunities. Christchurch City is full of positivity and good news stories which is feeding the rapid population growth and has primed development opportunities such as these that are ripening nicely and ready to go.
The added bonus of being provided with consented plans, will expedite your project and likely save you a small fortune in council contribution fees and design costs or at least provide you with confidence of what can be achieved on the site. Zoned Town Centre Zone (TCZ), within Papanui allows construction to 32m high. Next door, is a retail investment with a reliable tenant in place currently providing income of $70,000 + opex & gst, rising to $75,000 from 1 May 2026. This property features 11 x onsite carparks.
Conveniently positioned at the top end of Papanui Rd at the intersection with Harewood Rd and Main North Rd, this address is very handy to many local eateries and amenities, CBD, public transport and arterial routes in all directions.

486 Papanui Rd

• Tenant: (Trading as) R S Trade Centre
• Rent: $70,000 +Opex & GST, rising to $75,000 from 1 May 2026
• GF Retail - 261.65m2
• L1 Office - 29.77m2
• Carparks - 11 onsite

488-492 Papanui Rd

• Land area = 461m2
• Consented Plans for 8 x 1 & 2 bedroom apartments over 3 x levels, with a café, 7 x carparks and bike storage on the ground floor. Consented LED billboard onsite.
• Reserve outlook to the north
• Zoned Town Centre Zone (TCZ) allows construction to 32m high

The owner of these properties has other projects on the go which must now take priority therefore he is reluctantly passing this opportunity to a new owner. Be sure to register your interest early as opportunities like this don't knock twice.