This is a rare opportunity to acquire a high-profile property in a strategic and tightly held location on Montreal Street, Christchurch.
Located at 114–118 Montreal Street, the property comprises three freehold titles totalling 1,340m² of underlying land. Improvements include a two-level commercial building with a total floor area of 723.2m², configured as follows:
- 171m² warehouse
- 178m² ground floor showroom
- 97m² ground floor office
- 263m² first floor office accommodation
The property also provides 18 on-site car parks and has a seismic rating of 73% NBS.
Fully leased to two established tenants, the property offers a secure income stream:
Metrofloor – occupying the ground floor showroom, office, warehouse and 10 car parks
Net annual rental: Available upon enquiry
Shakti Mat – occupying the first-floor office space and 8 car parks
Net annual rental: Available upon enquiry
Total net annual rental: $191,000 + GST
Although located close to the CBD, current rentals remain below typical CBD rates, providing potential future upside.
Positioned on a 45-metre frontage to Montreal Street, one of the main arterial routes into and out of the city, the property enjoys excellent visibility, strong street appeal, and minimal vacancy in the surrounding area.
Zoning (current): Industrial General
Proposed Zoning (Plan Changes 13 & 14): Mixed Use Zone
For Sale by Deadline Private Treaty closing 4pm, Wednesday 26 November 2025 (unless sold prior).
- Access property information in the link below:
https://www.propertyfiles.co.nz/property/914780004
