A rare opportunity for astute buyers and potential future owner-occupiers to secure a versatile commercial footprint with plenty of upside in the highly sought-after Papanui area, with a motivated owner planning to move on.
• Unit 12: Approx. 614.10m² (over 2 levels) plus 12 carparks
• Unit 13: Approx. 549.80m² (over 2 levels) plus 9 carparks
• Flexible Acquisition: Opportunity to purchase either unit or both together.
Enjoy holding income in the short term while you plan your future move and maximise the use of this property. With the current lease expiry being 31 March 2028 (or earlier by potential negotiation with current tenant), this presents an ideal runway for owner-occupiers, education providers, or community and church groups looking to establish a new hub, expand current operations, or secure a versatile seminar space without the hassle of an immediate relocation.
Key Highlights:
• Short-Term Holding Income: Current lease term through until 31 March 2028 (or earlier by potential negotiation with current tenant) at $295,980 per annum plus OPEX & GST, giving future occupiers time to plan their transition or fit-out.
• Owner-Occupier Ready: Ideally configured to suit large groups, featuring expansive rooms perfectly suited for classrooms, lecture spaces, or seminar groups, alongside a generous number of staff offices in each unit.
• Flexible Use: Excellent flow and formatting for community gatherings, workshops, training facilities, or large administrative headquarters.
• Prime Papanui Location: Situated on Sawyers Arms Road with easy accessibility, handy to main arterial routes, great local amenities, and ample onsite carparking (21 parks total).
• Double Opportunity: Purchase either unit or secure both together to unlock scale and flexibility that is increasingly hard to find in this tightly held location.
Opportunities of this scale, offering immediate cash flow today and potential for future occupation are rare to come by. The clock is ticking toward auction day, and the vendor is ready to sell.
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https://www.propertyfiles.co.nz/property/L43550189
To be sold by Auction from 11am, Thursday 17th December 2026 (unless sold prior) at Harcourts Grenadier, 98 Moorhouse Avenue, Christchurch
