Countdown has a redevelopment clause in its lease that provides for minimum terms that would take its tenure through until 2038.
Hamish Doig, managing director of Colliers International, Christchurch, is marketing the property with daughter and investment sales broker Courtney Doig. The deadline sale closes at 4pm on Thursday December 13.
Hamish Doig says Avonhead Shopping Centre has stood the test of time.
"Avonhead is a proven performer as a neighbourhood convenience centre. It has a real community feel about it and caters well to the surrounding higher socio-economic demographic.
"It's a high-density catchment, and shopping centres like this continue to be strongly supported. And there's every opportunity for a new owner to make further enhancements, requiring less than $200,000 to bring it to 100 per cent of New Build Standard," he says.
The 3876sq m centre sits on a land area of 10,763sq m that includes 165 on-site carparks.
