CBRE is delighted to introduce 31 Tuam Street to the market, strategically situated in one of New Zealand’s largest medical hubs.
This high-quality healthcare facility opened in 2021 after a major overhaul and extensive rebuild. The purpose-built fit-out was completed across two levels to provide medical services at ground level with offices on the first floor.
Outstanding tenant covenant is provided by Etu Pasifika which is a primary health organisation responding to the needs of the Pacific community across New Zealand.
This healthcare investment is strategically positioned within the vibrant Te Papa Hauora/Health Precinct. As the central hub for Christchurch’s major medical services, it provides easy access to Health New Zealand, the University of Otago, the University of Canterbury, and Ara Institute, among other key occupiers. The precinct’s dynamic environment, coupled with over $1 billion in public and private investment, makes it a prime location for sustained growth. At the Eastern boundary of the property is the South Frame public laneway. This is currently being utilised as a construction zone for the c. $270m University of Otago School of Medicine campus. Upon completion, its anticipated that this laneway/public space will offer excellent access to the river and foster unique interactions with the frontages of each privately owned property along the lane.
The vendor has received subdivision consent with titles expected later this year, now enabling purchasers the standalone opportunity to purchase this prime CBD investment.
31 Tuam Street is being offered for sale via auction on Thursday, 4th December 2025 at 11am (unless sold prior), at 14 Oxford Terrace (riverfront).
Key Investment Highlights:
- Prime CBD location within thriving health precinct
- Extensive Rebuild in 2020/2021
- Excellent tenant covenant
- First-class medical/healthcare sector asset
- Brand new 5-year lease
- 2.5% fixed annual rental growth
- Net rental: $286,965 + GST
- Extensive landlord owned fit-out
Contact the sole agent, Cameron Darby for more information.
