This is an exciting opportunity to invest in a high-quality modern office building situated to the north western corner of Madras and Peterborough Streets in Central Christchurch.
The building was constructed in circa 2013 and is 100% occupied by three individual tenancies (plus two casual carpark leases) anchored by Mainland Design Centre to the ground floor. The property benefits from excellent carparking with 44 onsite spaces.
On a combined basis the net annual rental is approximately $505,383pa with an overall WALT of circa 2.57 years. An attractive variable is the fixed annual increase of 3.0% or CPI plus 2.50%, providing positive growth in cashflow moving forward.
Whilst still having 3.30 years to run on their lease Core Education Limited are looking to sublease, creating a part owner occupier opportunity.
The property is situated in a high profile position with excellent exposure to passing vehicular traffic and easy site access.
Informed investors will be attracted to what is a compelling and tidy investment opportunity in a strong central city location.
For sale by Deadline Private Treaty closing: 4pm, Thu 11th June 2026 (unless sold prior)
*Boundary lines are indicative only.
Features:
- Post EQ Construction
- 100% occupied
- Net annual Income $505,383 + GST + outgoings
- Ample carparking available (44 spaces)
- Central city location
- CPI and Fixed Annual Rental Increases
- Land area 1,841 sq m
- Central City Mixed Use Zoning
More information: https://www.colliers.co.nz/p-NZL67040219
