NAI Harcourts Grenadier are proud to present to market, a rare investment opportunity in the vibrant and tightly held commercial retail heart of Papanui. Situated on busy Langdons Road, directly opposite one of Christchurch's major malls, Northlands Shopping Centre, this corner profile property is home to popular Cambodian cuisine restaurant, Khmer.
A tasteful fitout welcomes customers to a relaxed open plan ground floor dining experience 7 days per week, with commercial kitchen facilities on site providing fresh and varied dishes. Amenities on both ground and mezzanine level, including generous storage spaces, complete the properties 194sqm lettable floor area.
Providing a strong rental income and secure long lease tenure, investment opportunities in this desirable location seldom present. Daily passing traffic of over 13,000 vehicles per day and surrounding national brand tenants, further underpin value in this compelling investment prospect and proven performing suburb, less than 6km from the CBD.
Key Investment Highlights:
• 10 year lease to Khmer Cambodian Cuisine restaurant (over 8 years remaining plus ROR's)
• $90,000 net rental income per annum
• Corner profile position opposite Northlands Shopping Centre
• 2 on site carparks
• Over 67% Structural NBS (2015 Structural IEP)
With our Vendor advancing a new business venture into its next key growth phase, motivation to see this property sold on or before Auction day is assured.
Don't delay, register your interest today with Sole agents Dave Calder or Casey Laulala to receive further information and to arrange your viewing.
To be sold by Auction from 11am, 4 June 2026 (unless sold prior) at Harcourts Grenadier, 98 Moorhouse Avenue, Christchurch
To download Property Files click the link below, register your details and you will be sent an email with the files to view and download.
https://www.propertyfiles.co.nz/property/L40229187
