Industrial Investment, New Lease, 8% Return

40, Broad Street, Woolston, Christchurch City

$812,000

Proposed Usage
Industrial
Floor Area
466.00 m²
Land Area
1686.00 m²
Description:
Property ID
1c7431k

CBRE in conjunction with Colliers International are pleased to offer 40 Broad Street to the market for sale. In the commercial property market it’s a numbers game and this property has all the right ones 8% return with a brand new 3+3+3 lease at $65,000 plus GST and outgoings. Priced to sell at $812,000 this tenanted industrial investment is a rare find making the property appealing as an entry level commercial investment or another one to add to your property profile.

The property has undergone an impressive renovation having all earthquake strengthening completed bringing the building up to 70% NBS. No expenses have been spared with a total refit of offices, bathrooms, kitchen, new carpets, freshly painted and energy efficient LED lighting installed.

The property is located in the bustling Woolston area opposite the new Independent Fishers building, staff will be spoilt for choose having the Tannery nearby offering a high caliber of retail and hospitality amenities. I can assure you this one will not hang around with such an appealing return.

To arrange an inspection please contact the joint sole agent Scott Bentley.
Features:
* 8% Return
* Brand New 3+3+3 Lease
* Returning $65,000 plus GST & Outgoings
* 70% NBS
* 417m² Warehouse
* 49m² Office
* 1,686m² approx. Land
* 2 Titles
* Generous Yard, Security Fenced and Gated
* For Sale $812,000

Enquire about this property

Woolston Area