15 Leslie Hills Drive, Riccarton, Christchurch City, Canterbury

Colliers are pleased to offer a freehold office asset in the well-established Leslie Hills Drive centre to the market via Auction.    The building is currently occupied by Metros Publishing Group providing the incoming purchaser an opportunity to secure strong cashflow with excellent tenant covenant. Further bolstered by 9 onsite car parks, the property sits proudly on 832m2 of freehold land at the northeast corner of the commercial precinct.    The current tenant commenced the lease on 5th May 2024 for a 3 year term with a further right of renewal of 3 years, taking final expiry through to 2030.    This property will suit an astute investor looking to secure a footprint in the Leslie Hills Commercial Precinct with proximity to the amenity of Riccarton Road and Tower Junction Mega Centre. Furthermore, the freehold nature of the offering extenuates its desirability with respect to its investment credentials.    For sale by Auction: 10am, Thursday 12 June 2025 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011. *Boundary lines are indicative only.

Features:

• Strong location
• 100% occupied
• Excellent onsite carparking
• WALT 2.0 years
• Quality tenant covenant
• Three (3) year renewal right
• Current rental $91,406.25 + GST + outgoings

More information: https://www.colliers.co.nz/p-NZL67034441