PUMPING INVESTMENT, CALTEX RUSSLEY - 10 YR LEASE
4, Russley Road, Yaldhurst, Christchurch City
- Proposed Usage
- Floor Area
- 383.00 m²
- Land Area
- 4249.00 m²
- Property ID
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This is a rare opportunity to secure an exceptional retail asset located on a prime corner site at the intersection of Yaldhurst and Russley Road.
Z Energy are parting with one of their last remaining owned sites trading under the Caltex brand in Christchurch which now provides the opportunity for astute investors to acquire a tidy investment property with many key investment fundamentals.
The properties key highlights include a lease back to listed national company Z Energy as the tenant on a 10 year 1 month term with further rights of renewal of three options of five years each, the commencement date is set for 28 February 2019 so investors are guaranteed a 10 year term unexpired. The leases are also set to provide for annual fixed growth of 2% per annum with market reviews at the expiry of the initial lease term.
Other draw cards include a high profile premium freehold commercially zoned land holding of circa 4,249m² located on the corner of Russley and Yaldhurst Road, two key arterial routes on the ring road of Christchurch which ensures significant vehicle movements per day.
With all the key investment fundamentals combining to provide a great opportunity, don’t let this opportunity pass you by call the sole agents now for further details!