Multi-Tenanted Asset | $2,100,000 | Net Yield: 7.00% | NZ

This well-positioned multi-tenanted commercial asset presents a compelling opportunity to secure strong income within one of Christchurch’s most established commercial precincts.

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Situated in the heart of Riccarton, the property comprises a 755 sqm standalone building on a substantial 1,511 sqm freehold site, offering excellent accessibility and dual access from both Blenheim Road and Acheron Drive. The property benefits from strong surrounding amenity, high traffic exposure and proximity to major retail and commercial operators.

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Fully leased to two long-standing tenants, Members Church of God International and Beyond Dance, the property generates a net income of $147,000 p.a. + GST + outgoings, delivering a 7.00% net yield based on the negotiated purchase price of $2,100,000.

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The building provides flexible accommodation across two levels, including approximately 577 sqm leased to the church and 178 sqm to the dance studio, supported by 12 on-site car parks and convenient drive-through access. The improvements offer functional space with strong natural light and adaptable layouts suited to a range of occupiers.

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The property is zoned Neighbourhood Centre Zone (NCZ), providing future redevelopment potential and additional long-term upside. Fixed rental increases built into the leases support ongoing income growth while maintaining tenant stability.

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Strategically positioned just metres from Blenheim Road, the asset benefits from strong exposure and proximity to major operators including Chemist Warehouse, Mad Butcher, Couplands and Kosco, while also sitting close to Westfield Riccarton, Bush Inn Centre and the University of Canterbury.

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With secure tenants, a strong yield and long-term development potential, this is a well-balanced commercial investment suited to investors seeking both income and future value upside.

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About Rethink Investing

• Australia & New Zealand’s largest and most experienced commercial buyer’s agency

• $6.5 billion+ in commercial property secured for clients

• Exclusive access to 70% off-market opportunities

• Specialists in high-yielding commercial property investments

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Secure your next high-performing commercial asset with our expert team.

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