Commercial -
A large vacant showroom, warehouse and office property is up for sale, raising the curtain for new occupiers and investors at a site fronting one of Christchurch’s busiest roads.
The well-presented more than 1,100-square-metre premises sit within a vibrant business park on the western fringe of the central city, in Upper Riccarton. Formerly home to a top flooring and furnishings supplier, the site offers standout exposure to an estimated 36,000 passing vehicles daily on key arterial Blenheim Road.
The vacant property’s expansive showroom/warehouse space will appeal to retail, wholesale or trades suppliers, or other businesses seeking a high-profile foothold in an area notable for its eclectic mix of businesses.
The site was formerly home to Hubbers, a leading South Island home interiors specialist, which now operates from a new Blenheim Road showroom a few minutes’ walk away.
The vacant property at 1/295 Blenheim Road, Upper Riccarton, Christchurch, is now being offered for sale by Alex White, Stewart White and Levi Dwan of Bayleys Canterbury.
It will be sold by deadline private treaty closing on Thursday 3 July, unless sold prior.
Alex White said the approximately 1,104-square-metre unit-titled premises encompassed a high-stud warehouse/showroom of some 950 square metres and some 154 square metres of first-floor office space. The property comes with 22 dedicated on-site car parks.
“This is a smart, high-profile property with strong street presence in a proven commercial location where there is high occupier demand. This makes it an attractive purchase for owner-occupiers or add-value investors.
“The property sits within a sought-after business park whose mix of occupiers demonstrate the sheer breadth of possibilities in this location – ranging from professional services, IT and engineering firms, homeware and building materials suppliers, a gym, a café, and an education centre,” said Alex White.
Stewart White said the Upper Riccarton location with exposure to busy Blenheim Road was a key selling point.
“The Riccarton area is known for its lively commercial precincts, retail hubs and educational institutions.
“Tenants attracted by Riccarton’s vibrant commercial hubs include retailers, hospitality businesses, logistics, distribution and health and well-being services such as health clinics – along with educational and professional services operating in proximity to the University of Canterbury.
“The area is also home to Westfield Riccarton, the city’s largest shopping centre and one of the biggest in New Zealand, with nearly 200 tenant spaces spanning a combined 5.5 hectares,” said Stewart White.
Dwan said the Blenheim Road property formed part of an established industrial precinct that has been rezoned Mixed Use under Christchurch’s district plan.
“This revised zoning allows a continuation of industrial and other existing business activities, while enabling multistorey housing intensification in a prime area fringing the central city.
“Over time, this stands to expand the local population and therefore the immediate catchment of potential customers for businesses at this location,” Dwan said.