Prime corner position - occupy or invest
Positioned on the prominent corner of Bealey Avenue and Colombo Street, this well-located commercial property presents an opportunity for both owner-occupiers and investors seeking a central Christchurch asset with existing income and future upside.
Comprising three separate tenancies across two levels, the property benefits from two established tenants generating holding income, while the vacant ground floor corner tenancy offers approximately 190.5sqm of space ready for occupation or leasing.
The high-profile intersection provides excellent exposure to passing traffic, convenient access to key arterial routes and close proximity to the Christchurch CBD.
Key property features:
• Land area: 536sqm
• Total building area: Approximately 396.6sqm
• First floor tenancy: 126.2sqm - returning $37,028 p.a. + OPEX + GST
• Ground floor tenancy: 79.9sqm - returning $23,000 p.a. + OPEX + GST
• Vacant corner tenancy: 190.5sqm - available for occupation or leasing
• Current rental income: $60,028 p.a. + OPEX + GST
• Seven on-site car parks
For owner-occupiers, the vacant corner tenancy provides an opportunity to establish a business in a prominent location while benefiting from income generated by the remaining tenancies.
Investors have the ability to secure an established income stream with the potential to increase returns through leasing the vacant space. The existing configuration also offers scope for future refurbishment or repositioning to enhance the property's overall appeal and performance.
With its strategic location, multiple income streams and flexible occupancy options, this is an opportunity to secure a versatile commercial property on one of Christchurch's key intersections.
Comprising three separate tenancies across two levels, the property benefits from two established tenants generating holding income, while the vacant ground floor corner tenancy offers approximately 190.5sqm of space ready for occupation or leasing.
The high-profile intersection provides excellent exposure to passing traffic, convenient access to key arterial routes and close proximity to the Christchurch CBD.
Key property features:
• Land area: 536sqm
• Total building area: Approximately 396.6sqm
• First floor tenancy: 126.2sqm - returning $37,028 p.a. + OPEX + GST
• Ground floor tenancy: 79.9sqm - returning $23,000 p.a. + OPEX + GST
• Vacant corner tenancy: 190.5sqm - available for occupation or leasing
• Current rental income: $60,028 p.a. + OPEX + GST
• Seven on-site car parks
For owner-occupiers, the vacant corner tenancy provides an opportunity to establish a business in a prominent location while benefiting from income generated by the remaining tenancies.
Investors have the ability to secure an established income stream with the potential to increase returns through leasing the vacant space. The existing configuration also offers scope for future refurbishment or repositioning to enhance the property's overall appeal and performance.
With its strategic location, multiple income streams and flexible occupancy options, this is an opportunity to secure a versatile commercial property on one of Christchurch's key intersections.
Key features
Location
Positioned on the prominent corner of Bealey Avenue and Colombo Street,
Accessibility
Comprising three separate tenancies across two levels
Land area breakdown
536sqm (more or less)
