A fully leased neighbourhood complex with dual street frontage at the gateway to one of Christchurch’s most desirable coastal corridors is making waves with investors seeking reliable income and future flexibility.

Bayleys Christchurch commercial sales and leasing specialist Levi Dwan is marketing the 4,298sqm (more or less) freehold site at 9 Humphreys Road for sale by deadline, closing at 4:00 pm on Thursday, 14th August 2025 (unless sold prior), alongside colleague Alex White.

Dwan says the corner property enjoys a high-profile position just minutes from the sought-after residential enclaves of Redcliffs and Sumner, offering exceptional visibility and accessibility to a growing population drawn by the area’s lifestyle appeal, landscape, and convenient access to the city.

“With seven established tenants and new planning permissions enhancing its long-term potential, this suburban centre represents a rare chance to secure a proven performer in a sought-after suburban setting,” he says.

Comprising 2,332sqm (more or less) of lettable floor area across three buildings held on one title, the property is fully occupied, returning circa $369,977 plus GST and outgoings in net annual income.

“The asset is a strategic investment with a solid leasing history, underwritten by long-term tenants and strong consumer-facing businesses.

“The diversified tenancy mix spans the hospitality, health, retail, fitness and service sectors, reflective of Ferrymead’s growing reputation as a lifestyle and convenience destination. Additionally, the rent roll delivers a broad and resilient income profile with staggered lease expiries and proven tenant retention.”

Key tenants include Pinnacle Sports Physicians, seafood wholesaler Okains Bay Seafood, and female-only gym Female Federation, in addition to two eateries, a beauty salon, and a national brand liquor store.

Bayleys Christchurch commercial sales director Alex White says current Industrial General zoning features minimal land use restrictions, offering a blend of flexibility and protection when looking to future opportunities.

“A recently granted resource consent enables land use beyond current provisions, unlocking potential for mixed-use activities and development that aligns with broader intensification trends. The site’s prominent position on the corner of Kite Lane, with three access points, further enhances its long-term value and adaptability, supporting a wide range of future uses.

“Ferrymead is a community that has evolved significantly in recent years, buoyed by proximity to high-value neighbouring suburbs and ongoing residential gentrification.

“The suburb’s location, just seven kilometres from the central city and along key commuter and tourist routes, positions it as a natural service centre for eastern Christchurch and the gateway to the east coastline.”

White notes that, given the region's explosive residential growth, the market remains highly competitive for income-producing assets in suburban locations, supported by strong local catchments, particularly those with exposure to further development and recreational amenities.

“With new construction constrained by high costs and planning frameworks, existing stock with broad market appeal and strong locational credentials is commanding heightened interest from private and institutional investors.

“This coastal complex has it all – strong income, quality tenants, zoning flexibility, and a high-profile position in a rapidly evolving precinct. It represents a compelling addition to any diversified portfolio.”