142-152 Somerfield Street, Somerfield, Canterbury

JLL are pleased to exclusively offer 142-152 Somerfield Street to the market by way of Deadline Private Treaty closing 27th November 2024 (unless sold prior).

The property is an attractive fully tenanted investment and provides a mix of retail, hospitality, office and residential. Sitting on 2,405sqm of land and incorporating seven tenants, the asset provides an investor a diverse cashflow along with upside potential. The tenancies include Nurse Maude, Residential flat, Commi Restaurant, Moon Under Water, Runacres, Tillmans and MHL.

Having a northern aspect and incredible dual street frontage, the offering is spread over 5 titles and wraps around the corner of Colombo Street and Somerfield Street. The asset includes a mix of standalone buildings of varying ages. 

The suburb of Somerfield is extremely popular with families having several excellent school options and being close to main arterials and within a 10 minute drive to Christchurch City.

Please contact the sole agent Ben Cameron on 021 107 3540 for further information.

•Fully occupied to 7 tenants

•Rental $424,000 pa (approx.) plus GST

•Land area 2,405sqm

•Net lettable area 1,758sqm

•Commercial local zone

•Excellent residential catchment with plenty of surrounding amenity