Positioned within the Innovation Precinct of the Christchurch CBD, on a stunning high-profile corner site directly adjacent to the new One NZ Stadium, the Kathmandu Building presents a rare opportunity to secure a premium office asset in a growth location.
Purpose built for Kathmandu as their New Zealand head office, the three-level building was constructed in 2016 and currently holds a 5-Star Green rating and a 4.5 star NABERSNZ rating.
Comprising quasi showroom space to the ground floor and two levels of well-appointed office accommodation above, the layout provides functionality for the current occupier, but full flexibility for the future.
The position of the building benefits from laneways surrounding the improvements which have been reignited by the recent opening of One NZ Stadium and the positive impact this is having on demand and support for the local precinct.
Surrounded by a thriving mix of hospitality, retail, and creative enterprises, the location offers an energising environment for both staff and clients. Excellent nearby amenities and convenient public transport links further enhance day-to-day accessibility and appeal.
Guaranteed carparking is provided by a 999 year lease in the adjoining carpark building across 65 carparks and 50 bike parks, ensuring adequate parking supply for what is an increasingly scarce resource.
Currently in a six year renewal, the net contract income equates $1,946,102 pa, with the benefit of fixed annual 2.50% increases with the next market review being at renewal in 2032.
Opportunities to secure a modern building of this calibre, with a quality and trusted tenant covenant in such a dynamic and tightly held location are extremely scarce.
For sale by Deadline Private Treaty closing 4pm, Thursday 22 October 2026 (unless sold prior).
*Boundary lines are indicative only.
Features:
* Extremely high profile corner position site
* 100% occupied by Kathmandu, owned by dual-listed parent company KMD Brands
* Guaranteed carparking on adjoining site, held by long-term lease
* Rent Reviews – Annual fixed 2.50% increases, next market review at renewal
* Post earthquake build
* Dynamic location directly opposite the new One NZ Stadium
* Combined land area of 1,683 sq m
* Current net rental of $1,946,102 pa
* WALT 5.75 years (with additional 6 year renewal right)
