JLL are pleased to exclusively offer 116 Riccarton Road to the market by way of Deadline Private Treaty closing 10th October 2024 (unless sold prior).
The offering consists of a 4 level office building including 3 levels of vacant office with ground floor retail and benefits from 49 onsite car parks.
Furthermore, the property currently has a net holding income of $171,000 plus GST pa. (approx.)
The asset is located in the increasingly popular suburban location of Riccarton with plenty of surrounding amenity and within 50 meters of the Westfield Mall.
The property benefits from 30m (approx.) of street frontage, allowing 3 retail ground floor tenants to occupy the building and is conveniently positioned next to the Bus Metro Lounge contributing to strong foot traffic numbers.
The seismic upgrade work has been completed with a 67% NBS rating being signed off allowing the astute purchaser to add the value with refurbishment and bring this office asset back to life.
Stunning panoramic top floor views are also evident from the wrap around balcony on the top floor with a lift also in situ.
Seldom does a value add property of this size and scale come to the market in one of Christchurch’s strongest suburban markets. Please contact the sole agents to arrange your viewing or for further information.
- 4 level office with ground floor retail
- 50 onsite car parks (approx.)
- Holding income of $171,000 plus GST
- Land area 1,809sqm (approx.)
- Net Lettable Area 1,979sqm (approx.)
- Stone’s throw to Westfield Mall