Buildings 1 - 3: 147 - 155 High Street
A fully occupied and new build asset (behind historic façade) situated in a prime Christchurch CBD location near the new One NZ Stadium is an extremely rare offering, particularly being part of historic High Street. Add to this there are two separate buildings on two titles, that could be sold separately in the future.
Anchored by MDS Law, this building comprises 6 tenancies, with two office occupiers to the first floor and four hospitality and retail tenancies to the ground level. Having frontage to both High Street and interconnecting to carparking, public laneways and the Little High development this investment meets the criteria of a quality asset.
Having a current net rental of $388,320pa with a combined weighted average lease term of 3.68 years and a mixture of fixed, stepped and CPI rent growth, this will appeal to investors wanting security now and an eye to the future.
Surrounded by a thriving mix of hospitality, retail, and creative enterprises, the location offers an energising environment for both staff and clients. Excellent nearby amenities and convenient public transport links further enhance day-to-day accessibility and appeal.
A key driver of demand and support for this part of the CBD is the recent opening of One NZ Stadium in very close proximity, and the positive impact this is having on the local precinct.
Opportunities to secure a modern holding of this caliber, with multiple tenancies and titles, in such a tightly held and dynamic precinct, are exceptionally scarce.
The buildings are being offered for sale via Deadline Private Treaty, with offers due by 4pm, Thursday 10 September 2026 (unless sold prior).
*Boundary lines are indicative only.
Features:
- Three buildings and three titles
- Annual net rental of $503,891 pa + GST + outgoings
- Post earthquake build behind heritage facade
- Desirable High Street location
- Integrated with the Little High Development
- 6 individual tenancies anchored by MDS Law
- WALT of 3.79 years
- Occupancy 95.45%
More information: https://www.colliers.co.nz/p-NZL67041752
