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Large Christchurch site ripe for development

Multiple freehold titles | Passing income $1.2m per annum | Proximity to Christchurch CBD

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The opportunity

Colliers and Frank Commercial are pleased to present this tenanted mixed-use investment at 442-472 Tuam Street in Christchurch Central.

This investment opportunity is underpinned by a large land holding close to the CBD and the new Multi-Use Arena, Te Kaha. Four buildings occupy the vast site of 9,065sq m with a mixture of tenants. The regularly shaped site occupies a prominent corner position with three street frontages, providing maximum development potential.

Features
• Significant land holding
• Proximity to the CBD
• Multiple freehold titles
• Passing income $1.215m pa
• Three street frontages
• Multi tenanted
• Affordable rental rates
• Potential to re-zone in the future to mixed-use zoning

The property is offered for sale by Deadline Private Treaty: 4pm, Thursday 27 October 2022 (unless sold prior)

Contact the agents today for more information. 

*Boundary lines are indicative only. 


Highlights

Mixed-use zoning potential

Under the current review of the Christchurch City Plan the proposed zoning may change to mixed-use allowing for further intensification of the land and the potential for high density residential, underpinning the value of this opportunity. 

Multi-tenanted

The property’s multi-tenancy occupancy and underlying land value paired with future development opportunities ensure its attractiveness to an astute investor or developer.


The agents

Mark Macauley

Mark
Macauley

General Manager
Christchurch
.

Licensed under the REAA 2008

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Marius Ogg

Marius
Ogg

Investment Sales Broker
Christchurch

Licensed under the REAA 2008

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Chris Harding

Chris
Harding

Director
Commercial Sales & Investment Broker

Licensed under the REAA 2008

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Location

Sales process

For sale by deadline private treaty closing at 4pm on Thursday 27 October 2022 (unless sold prior).

Enquire

Colliers

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