NAI Harcourts is pleased to present 185 Shaw Avenue to the market to be sold by way of Auction on Thursday 29 October 2026 from 11:00 am (unless sold prior) at Grenadier House, 98 Moorhouse Avenue, Christchurch.
Comprising of a block of three single-storey shops fronting onto the main road and an over-sized two-bedroom residential house in the rear, 185 Shaw Avenue offers astute investors a desirable opportunity to add to your existing portfolio that is equally worthy as an entry level first-time investment.
Features:
• Large 703 sqm Freehold Title
• Fastidiously maintained
• Spread of risk with 3 x commercial and 1 x residential tenancies
• Income stream of approximately $66,000 pa + GST net rent, with upside
• 100% NBS
• Local Central Zone
You can be assured of long-term tenures. Upon being advised that the property is going onto the market, all three well-established commercial tenants (a Chinese takeaway/food bar, a nail & beauty salon and an Asian small goods manufacture) as well as the residential tenant immediately signed up new leases or took up their Right of Renewal!
First time offered since 2009. 185 Shaw Avenue has served the current owners well but are now highly motivated to sell. They recognise the time has come for a new direction and want to see a sold sticker.
To access the Property Files, please paste the link below into your browser and submit your details. Then wait for the email from Property Files with the links you can download.
https://www.propertyfiles.co.nz/L42766995
Call Harry Lim (021) 402 242 to register your interest and/or to arrange viewing.
To access the Property Files, please paste the link below into your browser and submit your details. Then wait for the email from Property Files with the links you can download.
https://www.propertyfiles.co.nz/property/L42766995
