Whether you are an investor seeking secure income with future flexibility, or a buyer positioning for medium term owner occupation, this offering represents a rare opportunity backed by motivated vendors with clear instructions to sell.
We are pleased to present this outstanding, post-earthquake constructed retail investment, strategically positioned at the gateway to Christchurch’s affluent eastern suburbs including Redcliffs, Moncks Bay, Mount Pleasant and Sumner.
Architecturally designed and purpose built, this modern retail complex is offered to the market with clear and decisive vendor instructions. The owners are committed to concluding a sale and are actively engaging with the market to achieve a transaction within the current campaign.
The property is offered fully tenanted, returning a net passing income of approximately $431,865 + GST per annum, providing immediate and reliable cash flow from day one.
Central to the offering is the iconic Casual & Country showroom and warehouse, which is secured by a 3 year leaseback, delivering income certainty while preserving genuine future flexibility for an owner occupier or repositioning strategy at lease expiry. This tenancy comprises approximately 380 sqm of showroom and 150 sqm of warehouse, forming the cornerstone of the complex.
Anchoring the development is the ever popular Ten27 Café, secured on an 8 year lease with structured rental growth, supported by five boutique retail tenancies servicing a loyal local and destination based customer base. The tenant mix has been carefully curated and demonstrates proven demand in this tightly held location.
Further enhancing the income profile is a high exposure digital billboard fronting Ferry Road, providing a diversified passive revenue stream with additional upside through the ability to add a second screen.
Constructed post earthquake, the property has been designed and engineered to meet modern building standards, offering strong seismic resilience, ease of maintenance and long term confidence for owners and tenants alike.
Opportunities of this calibre, offering secure income, future flexibility and a motivated vendor, are rarely brought to market. Buyers are encouraged to act promptly, as the vendors are committed to selling and will consider all serious offers.
The property is offered For Sale by Price by Negotiation.
*Boundary lines are indicative only.
Features:
- Multi-tenanted, post earthquake retail investment
- Three year leaseback to Casual & Country
- Net income of approximately $431,865 + GST
- Land area 2,502 sqm
- 31 on site car parks
- Prominent street frontage and signage exposure
- Digital billboard income with future upside
- Gateway location to Redcliffs, Sumner & the eastern bays
More information: https://www.colliers.co.nz/p-NZL67038272
