Colliers is privileged to present to the market 85 Hereford Street, Christchurch – a rare opportunity to secure a strategically positioned hospitality investment within the heart of the CBD.
Opportunities of this calibre and positioning are increasingly scarce. Situated within the revitalised central city, the property is underpinned by a net lease in place to an established tenant covenant, providing investors with a high degree of income security. The lease offers a new 10-year term commencing 1 August 2024, with approximately 8 years and 3.5 months remaining on the initial term, materially reducing ongoing management risk.
Further enhancing the offering is the significant underlying landholding and favourable zoning, providing flexibility and long-term optionality for future repositioning or redevelopment.
Christchurch’s CBD has undergone a transformational rebuild following the earthquakes, emerging as a modern, resilient, and highly desirable commercial environment. With billions of dollars invested into infrastructure, anchor projects, and public realm upgrades, the city centre is now firmly positioned for sustained growth.
The property returns a net income of $510,000 per annum, presenting a compelling opportunity for investors seeking a secure income stream underpinned by strong fundamentals and future upside.
We encourage your early consideration of this outstanding opportunity.
For sale by Auction: 10am, Thursday 14 May 2026 (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:
- Prime CBD location
- Land area – 901sq m
- Hereford Street frontage 17.85m
- Fee simple title
- Future development potential
- Favourable landlord lease in place
- Net income - $510,000 + GST + OPEX
- Lease term – 10 years with 8 years and 3.5 months remaining
- Established Hospitality tenant Rockpool & Micky Fins
- 4 x 2 bedroom apartments on top floor
More information: https://www.colliers.co.nz/p-NZL67039754
