A three-level office in the Christchurch suburb of Burnside is positioned to suit an astute buyer – whether they want their own headquarters, a secure commercial investment, or a passive income away from the farm gate.
The contemporary, lift-served office sits on a prominent site at 504 Wairakei Road, the arterial route linking Christchurch Airport, State Highway 1, and the wider city. It is being marketed by Brynn Burrows and Luke Wishnowsky from Colliers Christchurch.
Recent data presented by Colliers Christchurch to Property Council New Zealand showed that Christchurch’s suburban office market is tightening in pockets, with Burnside/Russley recording the lowest vacancy of any suburban node at 7.7 per cent.
“Against the backdrop of recent sales, well-located, well-leased offices in low-vacancy suburbs like Burnside offer a favourable combination of scarcity and secure income,” says Burrows, Director of Commercial Leasing.
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Constructed post-earthquake, the building provides 940sq m of floor area on 809sq m of freehold land, with generous on-site car parking and natural light from all four elevations.
The upper floor is vacant, presenting approximately 404sq m with immediate occupation potential.
That part of the building retains the fit-out built for a government tenant that occupied it for many years, which represents a substantial capital saving for any future tenant.
“Government tenants undertake good-quality fit-outs, so it will be a lot cheaper for the next occupier to get established,” Burrows says.
Specialist farm accountants Brown Glassford & Co Limited remain in the building as a long-term tenant, having moved in when the building was completed in 2012.
“The building also makes a strong statement with good visibility to Wairakei Road from a branding point of view,” says Wishnowsky, Investment Sales Broker.
“Accessibility is a big selling point for staff and clients, with the airport and motorway close by.”
The shape of the floorplate provides flexibility. The vacant level could be divided naturally into two tenancies, allowing an investor to unlock future rental growth, or an owner-occupier to take one half and lease the other.
“An investor can split the floor and potentially achieve a higher rental,” Wishnowsky says.
“You’re buying a quality, modern building with a long-term tenant in place and a vacant floor that Burnside’s record suggests will be well sought after.”
Nearby amenity supports tenant demand in this location. In the immediate area there is a range of food and beverage options, as well as a fitness centre next door.
The sale is taking place against the backdrop of a strong rural economy.
New Zealand’s food and fibre export revenue reached $65.2 billion for the year to 30 June 2026, setting a new high after the previous year was itself a record performance, the Ministry for Primary Industries reports.
Agriculture underpins Canterbury’s economic strength and, when times are good, farmers are on the lookout for reliable off-farm income, so 504 Wairakei Road could fit that investment profile, Wishnowsky adds.
The property is being offered for sale by deadline private treaty, closing at 4pm on Thursday 19 November, unless sold prior.
- Supplied by Colliers
