NAI Harcourts Grenadier is pleased to offer to you the opportunity to secure 27 & 29 New Regent Street - to be by Auction (Unless Sold Prior) on Thursday 12 March 2026 from 11:00 am.
27 & 29 New Regent Street is a Freehold two storey building located in the iconic New Regent Quarter in Christchurch CBD. Situated centrally on the favoured Western side of New Regent Street allowing for outdoor sittings, and directly opposite the Tram stop, this attractively presented property is fully leased to a well-established hospitality tenant with net rental income of $72,000 per annum.
New Regent Street is an ever-popular destination for tourists and locals alike; attracted there by its wide array of quirky boutique stores and wonderful cafes, bars and restaurants. New Regent Street is Christchurch's only complete heritage street scape and plans have been announced to extend the street to link up with Otakaro Avon River promenade.
Astute investors - you will want to secure this highly desirable but seldom available trophy commercial investment property:
27 & 29 New Regent Street
Legal Description Lots 16-17 and 56-57 DP 10026
Certificate of Title CB492/206 (Freehold)
Rateable Value $1,280,000
Current Net Rent $72,000 pa + Operating Expenses + GST
Lease Term 5 Years + Rights of Renewal of 2 x 5 Years
Final Expiry Date 15 January 2040
PLUS, you also get:
• A top shelf (but bottom drawer) investment
• Post quake strengthened and assessed to be at a minimum of 69% NBS
• Absentee Vendor who are keen to sell
To access the Property Files, please paste the link below into your browser and submit your details. Then wait for the email from Property Files with the links you can download.
https://www.propertyfiles.co.nz/property/L38858646
Call Harry Lim (021) 402 242 or Edward Shi (027) 276 1788 to register your interest and/or to arrange viewing.
