Listing Description
Government tenant, secure income
27 Shands Road, Hornby, Christchurch City, Canterbury
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Agency reference | 5529352 |
Description
- Long-standing government tenant with over 20 years of continuous occupation
- 651.15sqm tenancy leased through to November 2028 with two 3-year renewal options
- Key upgrades: tenant-funded internal refit and lighting, owner-funded HVAC replacement
- Landlord-passing income of $132,295.78 + GST per annum
- Building has a 70–75% NBS seismic rating
The property is securely underpinned by a proven government occupier with no plans to relocate, evidenced by significant investment into the 651.15sqm tenancy in recent years.
The existing lease provides near-term income certainty, with further renewal options offering the potential for long-term cashflow through to 2034. Recent capital works by both the tenant and owner, combined with a 70–75% NBS rating, materially reduce future expenditure and risk, positioning this as a highly defensive, low-risk investment opportunity.
For more details please visit: https://www.propertyfiles.co.nz/5529352 Contact the sole agent, Levi Dwan.
Property Files
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