Colliers is pleased to present 12 Pope Street, Riccarton, Christchurch, a unique freehold live/work building in an excellent location near Hagley park with four separate tenancies providing a myriad of options to owner occupiers or investors.
Constructed in the early 2000s, this two-storey tilt slab building presents a rare opportunity to secure a property combining quality commercial premises with well-appointed residential apartments with a front and rear unit that can be connected.
The ground floor area comprises two recently refurbished, self-contained commercial tenancies. One fronts Pope Street, while the other opens onto a private rear courtyard. Currently configured as separate tenancies, the spaces can be combined to create a larger single tenancy if required. There are 5 onsite car parks in total and private courtyard areas at the front and rear of the property.
The first floor offers two substantial residential apartments, comprising one bedroom (rear) and two-bedrooms (front) with modern finishes, generous natural light, a sunny outdoor deck and ensuite bathrooms to each bedroom. The apartments are currently leased to separate tenants providing good holding income with the commercial areas offered with vacant possession.
Situated a short walk from Hagley park, the property is within easy walking distance of Tower Junction and Christchurch’s CBD, with excellent connectivity via Lincoln Road, Moorhouse Avenue and the Christchurch Southern Motorway providing excellent convenience for both residential and commercial occupants.
Whether you’re looking to occupy part of the property while generating income from the remainder or secure a flexible mixed-use investment with multiple income streams, 12 Pope Street offers a level of versatility seldom found in conventional commercial or residential property.
Contact Tom or Annabelle for further information or to arrange an inspection.
Features:
* Freehold title
* 7 onsite car parks
* 326 square metre floor area
* 294 square metre title
* Two refurbished commercial tenancies which can be combined
* Holding income
* Refreshed residential accommodation
