High Calibre Refurbished Investment

289, Tuam Street, City Centre, Christchurch City

Price On Application

Proposed Usage
Office
Floor Area
4897.00 m²
Land Area
7700.00 m²
Description:
Property ID
1c2cm87

For Sale by Deadline Private Treaty (unless sold prior)
4pm, Friday 27 July 2018
3 Deans Avenue, Christchurch

Bayleys Real Estate is proud to offer this outstanding investment opportunity positioned within a rapidly developing central Christchurch location.

The property is divided into four tenancies (office, training, and retail businesses), allowing the next owner to benefit from a healthy spread of income from a range of businesses. The property benefits from dual street frontage on both sought after Tuam and Lichfield Streets, and has ample car parking - a rarity within the four avenues.

The property has gone through extensive refurbishment/redevelopment and presents as new, complete with a strong NBS rating. Call to request a comprehensive sales pack today.

- $1,202,920pa net passing rental
- Price indication $13,700,000 (market valuation) representing approximately 8.75%
net return
- Desirable central location
- Significant off-street parking with 85 car parks

Contact the agents for a comprehensive sales pack today.

Enquire about this property

City Centre Area