Ray White Commercial Christchurch
Affordable High Return Investment
- Building: 190m²
- Land: 1,440m² (0.36 acres)
Blenheim Road unit of 190m2* in a tidy complex of four accessed via right of way. Automotive service and repair tenant have renewed their lease for a further term of 2 years from 1st March 2012 at an annual rent of $21,500pa + GST + outgoings. The property will appeal to investors or future owner/occupiers alike as further rights of renewal are by negotiation from 28th February 2014.
This size and rental priced of unit with a B4 zoning will be highly sought after by small trades as the Christchurch rebuild gains momentum. Reap the return at 9.2% or better for years to come. (*approx)
Price for Sale: $232,500 + GST (if any)
1,440m² / 0.36 acres