76 Peterborough Street, City Centre

Available PropertyFiles:

  • /Cert of Insurance /
    • Certificate (14).pdf
  • /Floorplan/
    • Updated - 76 Peterborough 2 Street_detached.pdf
  • /Information Memorandum /
    • Information Memorandum_76 Peterborough Street_Email .pdf
  • /Insurance Policy/
    • Material Damage & Business Interruption Policy (MBI 0204).pdf
  • /LIM Report /
    • LIMH01177409 Report.pdf
  • /Lease Documentation /
    • 76_Peterborough_St_Deed of Lease.pdf
    • 76_Peterborough_St_Lease.pdf
  • /NBS/
    • Updated NBS % - 76 Peterborough Street.pdf
  • /Title Record/
    • CB23B_989_Title_Search_Copy.pdf
  • /Valuation/
    • Peterborough Street 76-MV-January 2022.pdf

Property Description

This is an opportunity to secure a well located leased two level commercial building in the tightly held central city office sector, with considerable rent upside potential.

76 Peterborough Street is a north facing two level office building constructed in the mid 1980s and subsequently refurbished and upgraded. The structural strength is assessed at 68% NBS. Currently fully occupied (excluding 4 carparks) the building can provide for separate tenancies over each level or single occupation as per the current use. Excellent carparking is provided, including 12 onsite parks to the rear of the building and 1 paraplegic park to the front.

The property is well located, one site to the east of its Durham Street North intersection to the northern quadrant of the Christchurch CBD. Surrounding occupiers include a mix of office and commercial uses interspersed with new build residential townhouse product. Easy access is provided to surrounding amenities, retail / hospitality options and the core CBD.

The building is fully occupied (excluding 4 carparks) by National Trade Academy Limited on a new 5-year lease commencing November 2022. Accordingly, the property has a solid weighted remaining lease term of 4.65 years with annual fixed 2.0% increases and market reviews 2 yearly. Given strong growth and demand in the very tight CBD office market, we are of the opinion the current contract rental is significantly below market.

The vendors acquired the property as part of a previous neighboring development. With this development now complete, the subject is surplus to requirements.

With an office market with almost no vacancies in the CBD and rising rents, this is an opportunity to secure a quality fully occupied asset with strong rent growth potential.

For Sale by Deadline Private Treaty closing 4pm, Thursday 20 April 2023 (unless sold prior).

Contact the sole agents for more information.

*Boundary lines are indicative only

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Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Courtney Doig

South Island Commercial Limited trading as Colliers REA 2008

Level 1, 181 High Street, Christchurch Central

021 991 251   courtney.doig@colliers.com   All Listings

Courtney has won multiple national awards and is recognised as one of the star performers at Colliers. She is widely respected for her initiative, tenacity, and professionalism.

During the past year, she negotiated more than $94 million of investment sales including a diverse variety of commercial buildings and ‘as is where is’ body corporates.

Rising to the top of the industry in a short time, Courtney was named Colliers International Rookie of the Year in 2014, after achieving the highest revenue of all new brokers. Since then she’s added Colliers International Managing Director’s Award in 2011 & again in 2013, followed by the REINZ Commercial & Industrial Rising Star of the Year in 2014 and General Manager’s Award in 2017. In 2018 she was recognised as the winner of the RICS Women of the Built Environment which promotes positive contribution to the property industry.

Courtney is the dominant broker in body corporate ‘as is where is’ sales, implicitly understanding the complexities of this sector.


Contact Marius Ogg

South Island Commercial Limited trading as Colliers REA 2008

Level 1, 181 High Street, Christchurch Central

03 365 7887   021 905 940   marius.ogg@colliers.com   All Listings

Marius is an Investment Sales Broker at Colliers in Christchurch. He is passionate about property and for close to three decades has been active in the commercial and development land sectors primarily within the Canterbury region however also across New Zealand. Prior to his current role Marius was a 25-year veteran of the valuation profession, having experience across most asset classes, however principally focusing on the retail, office, and industrial sectors. Marius has been a trusted advisor on many of the largest transactions within the Canterbury market for nearly two decades.

Since his time in agency, Marius has been fortunate to have been involved with transactions ranging from circa $1.0m - $94.0m. Marius was the Colliers National Rookie of the year for 2022. Further Marius was awarded the REINZ 2023 Commercial and Industrial Rising Star for New Zealand.