Colliers is pleased to present 12 Pope Street, Riccarton, Christchurch, a unique freehold live/work building in an excellent location near Hagley park comprising of two residential apartments with ground floor commercial.
This large freehold live/work property combines well-appointed residential apartments with quality ground floor commercial premises offering investor and occupiers plenty of different options. The building is well supported with 5 onsite car parks and private courtyard areas at the front and rear of the property as well as plentiful off-street parking.
The building is comprised of two substantial residential apartments, the front Pope Street side of the building houses a large two-bedroom apartment with modern finishes including generous natural light, a sunny outdoor deck and ensuite bathrooms to both bedrooms. There is a fully fitted kitchen dining area with a large island and modern appliances as well as heatpump, HRV system. The rear apartment is accessed via the private rear courtyard area and also boasts a private balcony with decking, modern kitchen and bathrooms with good natural light supported by various skylights. The apartments are currently leased to separate tenants providing good holding income, one is on a periodic tenancy while the other is leased on a 12 month fixed term tenancy.
The ground floor area comprises two recently refurbished, self-contained commercial tenancies. One fronts Pope Street, while the other opens onto the private rear courtyard. Currently configured as separate tenancies, the spaces could be combined to create a larger single tenancy if required, both commercial areas are offered with vacant possession.
Situated a short walk from Hagley park, the property is within easy walking distance of Tower Junction and Christchurch’s CBD, with excellent connectivity via Lincoln Road, Moorhouse Avenue and the Christchurch Southern Motorway providing excellent convenience for both residential and commercial occupants.
Whether you’re looking to occupy part of the property while generating income from the remainder or secure a flexible mixed-use investment with multiple income streams, 12 Pope Street offers a level of versatility seldom found in conventional commercial or residential property.
Contact Tom or Annabelle for further information or to arrange an inspection.
Features:
- Freehold title
- 326 square metre floor area
- 294 square metre title
- 2 residential apartments (tenanted)
- 2 commercial tenancies (offered with vacant possession)
- 7 onsite car parks
More information: https://www.colliers.co.nz/p-NZL67041519
