85 Picton Avenue, Riccarton, Christchurch

Riccarton office investment - three tenants

• Annual net rental circa $123,987plus GST and outgoings
• 1,349sqm (more or less) freehold land area
• Net lettable area of 843sqm (approx.)
• Three tenants

A well-presented multi-tenanted office investment in one of Christchurch's most sought-after commercial precincts, offered to the market with genuine upside potential for the astute investor.

Anchored by three established tenants across 843sqm of net lettable area and sitting on a freehold 1,349sqm landholding, this is the kind of asset that ticks all the boxes — diversified income, a commanding Riccarton address, and room to grow the return.

Riccarton continues to outperform as a commercial office location, benefiting from proximity to Christchurch CBD, Westfield Riccarton, and strong arterial connectivity across the city. Income risk is spread — and with rents assessed against current market levels, the opportunity to enhance yield through active lease management is clear.

For further information, contact the sole agents today or refer: www.propertyfiles.co.nz/5530201