116 Riccarton Road, Riccarton - Commercial Real Estate for Sale & Lease in New Zealand

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Large-Scale Investment - Value-Add Potential

116 Riccarton Road, Riccarton, Christchurch City

CBRE is pleased to market 116 Riccarton Road, Riccarton for sale.

Located in the heart of Riccarton opposite Westfield Mall, 116 Riccarton Road is a substantial four-level office and retail building offering immediate income with significant upside. With a mix of tenanted retail space and largely vacant office accommodation, this property presents a compelling opportunity to reposition and maximise returns.

Investment Highlights:
• Land area of 1,769sqm and floor area of 1,764sqm
• Current income of approximately $171,000 + GST per annum
• 49 onsite car parks supporting strong tenant appeal
• 67% NBS rating
• High-exposure frontage in a prime commercial location

120 Riccarton Road is available to purchase. View the listing of both properties here: cbre.co.nz/CCH101048

For more information contact Chengyang Zhang & Paul Brown today.