CBRE is pleased to present 505A Papanui Road to the market for sale.
Offering a rare opportunity to secure an affordable commercial investment in one of Christchurch's most prominent suburban commercial locations. Positioned at the high-profile intersection of Papanui Road, Main North Road and Harewood Road, the property benefits from exceptional exposure and consistent passing traffic.
Situated on a freehold 162sqm* site, the single-level building is occupied by long-standing tenant Brazooka BBQ Brazil, providing investors with established rental income from a well-known local hospitality operator.
The property has undergone seismic strengthening upgrades and holds a 100% NBS rating, providing confidence for investors seeking a low-maintenance, well-presented asset in a tightly held location.
Opportunities to acquire standalone commercial investments with a proven tenant covenant and accessible entry price point are increasingly difficult to find.
Key Investment Highlights:
• Net rental income of $36,521 + GST per annum
• Long-established tenant, Brazooka BBQ Brazil
• 100% NBS rating
• Freehold land area of 162sqm*
• High-profile corner location with excellent exposure
*Approx
For Sale by Deadline Private Treaty (unless sold prior)
Offers to be received by 4.00pm, Thursday 10 September.
For further information and to arrange a viewing, contact the sole agent, Paul Brown on 021 386 069.
Property files: https://new.propertyfiles.co.nz/listing/151
