A striking two-level office building with strong branding potential in the bustling suburb of Papanui in Christchurch is likely to appeal to owner-occupiers and investors.
Marketed by investment specialists Courtney Doig and Will Franks of Colliers Christchurch, 485 Papanui Road, on the corner of Bellvue Avenue, is for sale by deadline private treaty, closing 21 March.
“Combining functionality with outstanding visibility and presence, it’s an ideal choice for businesses wanting to stand out. It’s a great opportunity to secure exclusive naming rights in a high-profile corner location,” Doig says.
“This asset offers strong returns and excellent flexibility with the option of creating multiple tenancies to diversify income streams while an owner-occupier could take the coveted Level 1 space in the Bellvue wing. An added attraction is that the vendor is prepared to underwrite the only vacancy for 18 months, giving incoming investors added security.”
Start your property search
Current tenants include Joynt Andrews Lawyers, Small Business Accounting, and New Zealand Home Loans.
The distinctive copper clad building comes with generous parking and has a total lettable area of 1,900sq m on a 2,426sq m freehold Commercial Core zoned site.
Plentiful surrounding amenities include Northlands Shopping Centre, coupled with a thriving mix of additional retail, cafes, dining options, and other businesses.
Papanui Road is one of Christchurch’s main arterial routes that connects its northern suburbs to the central city, providing an excellent traffic flow. It comprises sought-after residential and commercial developments and is home to a number of popular schools and professional services.
Doig says Christchurch’s continued development as a dynamic economic hub makes this location a sound choice for businesses seeking to establish or expand their presence.
“The area’s enduring appeal and ongoing infrastructure improvements enhance the long-term value of this asset.”
- Supplied by Colliers
