This is a rare opportunity to acquire a well-presented, fully-leased veterinary investment on a high-profile arterial road in one of Christchurch’s established suburban commercial hubs.

The property is occupied by Vet partners New Zealand Operations Limited, part of a large Australian-owned veterinary group with over 270 clinics across New Zealand and Australia. They are a well-capitalised corporate tenant providing a strong and secure covenant.

With a current net rental of approximately $119,040.84 + GST + OPEX, and benefiting from a right of renewal extending occupation to June 2032, this offering will appeal to passive investors seeking a hands-off, low-maintenance commercial investment with long-term upside.

Shirley is a strategic commercial catchment servicing a dense and growing residential population. Surrounding suburbs include Mairehau, Dallington, Richmond, and Burwood, all feeding custom and workforce to the area. 

The suburb benefits from a well-established trade-service and convenience retail base, as well as proximity to key public amenities and transport networks.

The area has been a focus of ongoing urban regeneration post-earthquake, with continual infrastructure and amenity upgrades reinforcing its status as a key suburban commercial node in Christchurch’s north-east.

The property is offered for sale by Auction: 10am, Thurs 16 Oct 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:

• High-profile position on busy Marshland Road
• Strong tenant covenant – Vet Partners NZ (Australian-owned, corporate veterinary group)
• Returning approximately $119,040.84 + GST + OPEX per annum
• Eight-year initial lease term from 1 July 2016 with two right of renewal of four years (final expiry 30 June 2032)
• Market rent reviews & CPI rent reviews
• Immaculate presentation and low-maintenance construction
• Layout includes a modern veterinary clinic with reception, consulting rooms, treatment spaces, and support areas
• Generous onsite parking for customers and staff (approx. 12 spaces)
• Positioned within an established residential and commercial catchment, close to The Palms Shopping Centre
• Fully insured

More information: https://www.colliers.co.nz/p-NZL67036423