Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Central Christchurch Flagship Investment Available

For immediate use – April 15

Central Christchurch Flagship Investment Available

A flagship portfolio investment property, which is also a hot-spot for local party-goers, is for sale in central Christchurch.

Iconic Bar on the corner of Manchester and Gloucester Streets is a well patronised and successful bar, in the same
building as The Clinic, an established medical centre.

Simes chief executive Layne Harwood says there is no finer investment of its type available.

“This is the highest profile destination retailing address in the city, with established tenants and high marketing profiles,”
he says. “Both tenants have long-term leases and successful businesses, which means this is a landmark CBD
investment and income.”

The buildings date back to the 1920s and have been extensively refurbished and tailored to their current use, providing
an annual income of $390,000.

The property is for sale by private treaty.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>