Listing Description
Certain Sacrifice!
486-492 Papanui Road, Papanui, Christchurch City, Canterbury
Asking price $1,700,000
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | CIC63397 |
Description
Timing couldn't be better to secure these two appealing opportunities. Our seller is determined to cash-up here after accumulating these mouthwatering parcels, and Christchurch City is full of positivity which is feeding the rapid population growth. A development site with neighbouring holding income, or retail investment with development site; whichever way you look at it, these prime development opportunities are maturing nicely and ready to go. The added bonus of being provided with consented plans, will expedite your project and likely save you a small fortune in council contribution fees and design costs or at least provide you with confidence of what can be achieved on the site. Zoned Town Centre Zone (TCZ), within Papanui allows construction to 32m high. Next door, is a retail investment with a reliable tenant in place currently providing income of $70,000 + opex & gst, rising to $75,000 from 1 May 2026. This property features 11 x onsite carparks. Conveniently positioned at the top end of Papanui Rd at the intersection with Harewood Rd and Main North Rd, this address is very handy to many local eateries and amenities, CBD, public transport and arterial routes in all directions.
486 Papanui Rd
- Tenant: (Trading as) R S Trade Centre
- Rent: $70,000 +Opex & GST, rising to $75,000 from 1 May 2026
- GF Retail - 261.65m2
- L1 Office - 29.77m2
- Carparks - 11 onsite
488-492 Papanui Rd
- Land area = 461m2
- Consented Plans for 8 x 1 & 2 bedroom apartments over 3 x levels, with a café, 7 x carparks and bike storage on the ground floor. Consented LED billboard onsite.
- Reserve outlook to the north
- Zoned Town Centre Zone (TCZ) allows construction to 32m high
Our seller has other projects on the go which must now take priority, therefore his instructions to us are very clear. These must be sold! Be sure to register your interest early as opportunities like this don't knock twice.
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Property Files
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