Colliers International is pleased to present 81 Riccarton Road, Riccarton, Christchurch, to the market for sale.
Two-level commercial retail and office building constructed during the late 1990s, and extensively refurbished over the years, including an exterior face-lift in 2018.
Formerly occupied by the Bank of New Zealand, the building now offers good quality air conditioned ground floor retail and first-floor office accommodation. Subdivided into six tenancies, three per floor, with all but one tenancy leased. The ground floor retail has pedestrian access directly off Riccarton Road. The first floor and the rear of the ground floor are accessed from the adjacent car park and right of way. This runs between Picton Avenue and Nelson Street and accommodates 32 marked car parks.
The property enjoys frontage to busy Riccarton Road, a major thoroughfare through the western inner-city suburbs of Riccarton and is a major service commercial and retail frontage of Christchurch. The Riccarton suburb is mixed-use and the nearby Westfield Riccarton Mall, the largest mall in the South Island, draws custom from near and far. The property also enjoys close proximity and straight forward access to Hagley Park and the CBD.
The property is offered for sale by negotiation.
*Boundary lines are indicative only.
Features:
- High profile retail/office location
- Exposure to over 20,000 vehicles per day
- Excellent onsite parking
- Close to Westfield Shopping Centre
- Annual rental $508,097 pa + GST + OPEX (fully let)
- Tidy and fully refurbished providing good quality retail and office space
- 67% NBS
- Multiple tenants providing good spread of risk
More information: https://www.colliers.co.nz/p-NZL67012866
