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Auction Reserve - $1.8m - 10% Net Return - #1
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For Sale

Auction 27th May 2021 10:00am (Unless sold prior)

Colliers is pleased to present 91 Brighton Mall, New Brighton to the market for sale. WITH GOVERNMENT ANCHOR TENANT UNTIL 2027.

The property is primarily a single level structure with large imposing parapet facades front and back of the property. It was constructed during the 1960s. There is a minor storage area on the first level of the building that is currently being utilised by a tenant on a five year lease.

The office area, tenanted by Ministry of Social Development, is a substantial area facing Beresford Street at the rear of the frontage to Brighton Mall. This is the most appropriate position for MSD as it provides ample on road parking to assist visiting clients. It is also easily accessed by customers visiting the mall. This tenant has recently opted to exercise their next renewal early to extend their lease until 31 October 2027.

The remaining tenants of Subway, Honey Café and Mike Pero Real Estate all front the retail area of Brighton Mall and contribute a good mix of tenants to the mall area.

The building has a minimum NBS of 70%.  

For sale by Auction: 10am, Thursday 27 May 2021 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011

Download property files via the below link: 

https://www.propertyfiles.co.nz/property/575840001

*Boundary lines are indicative only



Ref #: 20665207