 Asset Class: | Medical |
 Price: | $ 1551851 |
 Net Yield: | 6.75 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
In an exclusive off-market opportunity, a prime commercial property at 11 Marshland Road and 14C Sabina Street, Christchurch is being offered to savvy investors, with the well-established Shirley Medical Centre as its anchor tenant. The site spans approximately 1,586 m², featuring around 200 m² of building space, and boasts dual access from Marshland Road and Sabina Street, ensuring optimal accessibility and exposure. <br><br>Delivering an approximate annual rent of $104,750 and a Market Review overdue, the property is supported by a weighted average lease term (WALT) of ~4 years, providing a reliable income stream with the stability of a reputable medical tenant. This investment presents a rare chance to acquire a strategically located asset in Shirley’s thriving suburban market, blending immediate returns with long-term potential.
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The Shirley Medical Centre is situated at 11 Marshland Road in the heart of Shirley, a well-connected suburb in eastern Christchurch. Positioned on a generous 1,586 m² site with dual access from both Marshland Road and Sabina Street, the property benefits from excellent visibility and accessibility, making it a convenient healthcare hub for the local community. <br><br>Shirley itself is a vibrant residential area, known for its proximity to key amenities like the Palms Shopping Centre, just a short drive away, and its easy access to Christchurch’s central business district, approximately 5 kilometers southwest. The suburb’s blend of suburban charm and urban convenience, coupled with a growing population, supports steady demand for medical services, reinforcing the centre’s pivotal role in the area.<br><br>The location’s appeal is further enhanced by its placement along Marshland Road, a busy arterial route that links Shirley to neighboring suburbs and facilitates connectivity to State Highway 74, providing a direct route to the wider Canterbury region. The surrounding neighborhood features a mix of residential properties, small businesses, and green spaces like Shirley Golf Course, fostering a balanced community environment.
Additional Location Information File<p style="background-color:rgb(252, 252, 252);"><span style="color:rgb(36, 43, 50);">Shirley Medical Limited is a friendly general practice dedicated to providing high quality care to you and your family.</span></p><p style="background-color:rgb(252, 252, 252);"><br></p><p style="background-color:rgb(252, 252, 252);"><br></p><p style="background-color:rgb(252, 252, 252);">https://www.shirleymc.co.nz</p>
Initial Term:
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Security Info:
TBA in DD
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Due Diligence:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">1,586m2 site approx.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">200m2 buildings approx.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Dual access off Marshlands Road and Sabina Street</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$104,750 rent</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Approx 4-year WALT</span></p></li></ul>
