Exceptional Investment Opportunity

Sydenham, Christchurch City

Expressions Of Interest

Proposed Usage
Retail
Floor Area
170.00 m²
Land Area
733.00 m²
Description:
Property ID
1c3gzkt

Ray White Commercial are pleased to present to the market this exceptional investment opportunity located in the Sydenham/Beckenham area on Tennyson Street with excellent corner profile.

The property consists of a busy dairy and an adjoining two bedroom residential house. The front of the property is well leased, returning a rental of $48,000pa (+ GST + outgoings on the dairy only) with a new 10 year lease in place plus further rights of renewal. Here you can obtain the more lucrative commercial yields with the benefit of still having the added safety of a residential component.

This corner site property is further advantaged by having surplus land out the back which may allow possible subdivision or development potential (subject to obtaining consents). This rear land is not included in the current lease. . Not often do opportunities like this come along. Don't miss out, call the sole agent today. (* approx.)

Contact Andrew Wilson on 027 778 8873 to view and for more information.

For Sale: By Negotiation + GST (if any)

Enquire about this property

Sydenham Area