Affordable Profile Investment

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Affordable Profile Investment

505A Papanui Road, Papanui, Christchurch City

CBRE is pleased to present 505A Papanui Road to the market for sale.

Offering a rare opportunity to secure an affordable commercial investment in one of Christchurch's most prominent suburban commercial locations. Positioned at the high-profile intersection of Papanui Road, Main North Road and Harewood Road, the property benefits from exceptional exposure and consistent passing traffic.

Situated on a freehold 162sqm* site, the single-level building is occupied by long-standing tenant Brazooka BBQ Brazil, providing investors with established rental income from a well-known local hospitality operator.

The property has undergone seismic strengthening upgrades and holds a 100% NBS rating, providing confidence for investors seeking a low-maintenance, well-presented asset in a tightly held location.

Opportunities to acquire standalone commercial investments with a proven tenant covenant and accessible entry price point are increasingly difficult to find.

Key Investment Highlights:

• Net rental income of $36,521 + GST per annum
• Long-established tenant, Brazooka BBQ Brazil
• 100% NBS rating
• Freehold land area of 162sqm*
• High-profile corner location with excellent exposure

*Approx

For Sale by Deadline Private Treaty (unless sold prior)
Offers to be received by 4.00pm, Thursday 10 September.

For further information and to arrange a viewing, contact the sole agent, Paul Brown on 021 386 069.

Property files: new.propertyfiles.co.nz