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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.