Prime inner city blue chip tenanted investment
• A true bottom-drawer investment
• Quality building, quality location, quality tenant
• Attractive income stream with annual CPI reviews
• Prominent north facing location
Positioned in the eastern belt of the CBD, 308 - 310 St Asaph St presents a rare opportunity to secure a substantial city investment property with a strong tenant covenant. The prominent corner position benefits from the proximity to Christchurch's new show piece, Te Kaha Stadium. With revitalisation already underway, property values in the area look set to benefit from our city's largest drawcard providing a new focus for the Canterbury region.
With more than 1000sqm of building area and a large 1981sqm site with three street frontages the property is well suited to the tenants requirements however those with an eye to the future might see long term possibilities out of the changing character of the eastern belt. Net passing income of over $290,000 per annum with annual CPI adjustments provides assured rental growth.
Opportunities to secure quality assets such as this are hard to find and the strong fundamentals make this an enticing addition to any growth focused portfolio.
Don't hesitate, contact the sole agent now for a full property Information Memorandum.
For sale by way of Auction (unless sold prior) closing at 11am Thursday 3rd December 2026 at Bayleys Canterbury, 3 Deans Avenue, Addington, Christchurch
• Quality building, quality location, quality tenant
• Attractive income stream with annual CPI reviews
• Prominent north facing location
Positioned in the eastern belt of the CBD, 308 - 310 St Asaph St presents a rare opportunity to secure a substantial city investment property with a strong tenant covenant. The prominent corner position benefits from the proximity to Christchurch's new show piece, Te Kaha Stadium. With revitalisation already underway, property values in the area look set to benefit from our city's largest drawcard providing a new focus for the Canterbury region.
With more than 1000sqm of building area and a large 1981sqm site with three street frontages the property is well suited to the tenants requirements however those with an eye to the future might see long term possibilities out of the changing character of the eastern belt. Net passing income of over $290,000 per annum with annual CPI adjustments provides assured rental growth.
Opportunities to secure quality assets such as this are hard to find and the strong fundamentals make this an enticing addition to any growth focused portfolio.
Don't hesitate, contact the sole agent now for a full property Information Memorandum.
For sale by way of Auction (unless sold prior) closing at 11am Thursday 3rd December 2026 at Bayleys Canterbury, 3 Deans Avenue, Addington, Christchurch
Key features
Opportunity
True bottom drawer investment
Available
Quality building, quality location, quality tenant
Passing income
Attractive income stream with annual CPI reviews
Location
Prominent north-facing location
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