Christchurch City Investment for Sale
A tenanted commercial investment opportunity in the heart of Christchurch’s city centre is being offered for sale by Ray White Commercial Christchurch.
The high profile retail property leased to Rolling Thunder Harley Davidson at 35 Manchester Street, is being marketed by Ray White Commercial Christchurch’s Paula Raine.
Paula Raine said: “This retail investment is in a great central city location on busy Manchester Street. It is leased to a well-established business which has been onsite since the building was built circa 1979. The property is returning a net rental income of $125,000 per annum.”
Paula said the interior of the 731 sqm building was completely refurbished late 2007 at a cost of approximately $400,000.
“The property comprises a large showroom/display area, maintenance workshop, first floor offices, kitchen, amenities, including a shower, plus storeroom mezzanine. It is advantaged by having a secure rear yard area.
“The site backs onto Fletcher Living’s substantial inner city housing development, the 109 home ‘Atlas Quarter’ development, which will run from Atlas Lane to Welles Street. This improvement to the area will open up new potential uses for this property into the future.”
The property has sustained some earthquake damage and is being sold on an “as is where is” basis.
Offers to purchase the property close at 4pm on Thursday, July 7, 2016