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31 London Street, Lyttelton, Canterbury, 0 Bedrooms, 0 Bathrooms, Retail Property
Sold

Enquiries over $1,100,000

Sold on 2025 Year 2025 Month 02 Day 21

31 London Street, Lyttelton, Canterbury

70m2
255m2

Under Offer.

Situated in the heart of Lyttelton's vibrant town centre, this property offers a rare investment opportunity that seamlessly blends classic charm with functionality. With a strong tenant mix and excellent foot traffic, it occupies a prime position.

The property enjoys an unrivalled location on Lyttelton's main street, surrounded by character-filled buildings and upcoming developments that underscore the area's growth and appeal. It serves as a focal point for activity, particularly during the popular Saturday Farmers' Markets, which draw both locals and visitors in high numbers.

Configured for multiple tenancies, the property provides significant versatility. The ground floor features a beautiful retail space leased to the much loved and very popular Henry Trading. The upper level comprises a residential unit with its own independent east-side access, offering a renovated layout that includes a large double bedroom, open-plan kitchen and dining area, separate lounge, bathroom with a laundry, and separate toilet. The lower-level basement tenancy, leased to London Street Vintage (a gorgeous vintage clothing store), is a flexible operational space with kitchenette

amenities, toilet, and shower, complemented by an adjacent outdoor level area that could be developed further, subject to relevant consents.

Covering approximately 255m², the property falls within the Commercial Banks Peninsula Zone. It is fully tenanted, with the upstairs accommodation leased as a residential unit. Comprehensive documentation, including the LIM report, title,and all lease agreements, is available upon request. Viewing is strictly by appointment, and the property is offered for sale via price by negotiation.

This is an exceptional opportunity to secure a commanding position on Lyttelton's thriving main street. Act now to be part of the area's dynamic redevelopment and exciting future growth. Contact Emma Shine for further information, today.

Council Data

Last update : 2025 03 05
Improvement value$805,000Increased by 31% from year 2019
Land value$285,000Increased by 50% from year 2019
CV(Year 2022 Month 08)$1,090,000Increased by 36% from year 2019
View typeNo appreciable view
ContourLevel
Land area254m²
Floor area249m²
TitleCB787/11
Type of titleFreehold
Legal descriptionLOT 3 DP 19923
CouncilChristchurch
Estate descriptionFSIM,1/1,LOT 3 DEPOSITED PLAN 19923,255m2
ConstructionExternal Walls: Unknown
Roof: Unknown
ConditionExternal Walls: Unknown
Roof: Unknown
ZoningCommercial Banks Peninsula

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Last update:2025-03-10 17:40:46