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Triple Tenant Trophy Asset


141 West Street & 55 Moore Street, Ashburton, Canterbury

Investment | Land Area: 8,640 sq m | High profile corner site | National tenants | Current net income of $981,168 pa + GST

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The Opportunity

109–141 West Street and 55 Moore Street, Ashburton presents a rare opportunity to acquire a prominent, high-performing retail asset on a major corner site fronting State Highway 1 — Ashburton’s main arterial route.

Features

  • High profile corner site
  • National tenants
  • 100% occupied by 3 individual tenancies
  • Mix of CPI and market reviews
  • Engineering report currently underway
  • Current net income of $981,168 pa + GST*
  • Land area of 8,640 sqm (more or less)
  • Floor area of approximately 3,359 sqm
  • Excellent onsite carparks
  • 2.8 years overall WALT
The property is offered For Sale by Deadline Private Treaty, closing 4pm Thursday 11 Sept 2025 (unless sold prior).

Contact Mark Macauley and Ben Cameron for more information. 

*Boundary lines are indicative only.
 


Highlights

100% occupied by 3 individual tenancies

Anchored by three nationally recognised tenants, including McDonald’s (since 1994), Harvey Norman (since 2007) and Z Service Station, the property offers proven tenant commitment and income stability. Leases include a mix of CPI-linked and market rent review provisions, providing both indexed growth and alignment with market performance.

Comprising two freehold titles with a combined land area of 8,640sqm, the site offers excellent on-site car parking and outstanding accessibility. With over 180 metres of road frontage, the site provides exceptional visibility and brand exposure for tenants.

High profile corner site 

Located within Ashburton’s key bulk retail precinct, the property is surrounded by leading national retailers including Mitre 10 MEGA, New World, The Warehouse, Briscoes, Rebel Sport, Noel Leeming, and Chemist Warehouse — further underscoring the strength of the location.

This is a compelling opportunity to secure a high-profile, income-generating retail investment in a strategic growth location — backed by long-standing national tenants, and future value upside in a tightly held commercial precinct.


The Agents

Mark Macauley

Mark Macauley  

 

Investment Sales &
General Manager
 
 

Licensed under the REAA 2008 
+64 21 650 460

EMAIL NOW
Mark Macauley

Ben
Cameron


Investment Sales
Broker

Licensed under the REAA 2008​​​​​​​

+64 21 107 3540

EMAIL NOW

Location

Sales Process

The property is offered For Sale by Deadline Private Treaty, closing 4pm Thursday 11 Sept 2025 (unless sold prior).

Enquire

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