Entry Level Investment

SOLD - This listing was sold in March 2015
Here's a great entry level opportunity which ticks all the right boxes for new investors looking for a low risk investment, or those seeking to add to their existing portfolio.

Real appeal also for buyers wanting an affordable investment in the commercial market.

These three shops have been under the one ownership for several decades which is testimony to the attractiveness of the investment. Seize the day!

Early inspection is highly recommended.

Auction Wednesday 11 March at 2:00pm unless sold prior

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Main Property Features

Listing Number: FE5416

Approx Floor Area:
141.01 sqm
Land Size:
268 sqm
Tenure:
Fee Simple
Property Type:
Retail, Tenanted Investment
Tenancy:
Additional Details: Please note: The square metreage has been sourced by a 3rd party and the Agents make no representation as to the accuracy of this information.
Tenancy 1:
Commencement Date: 01 May 2014, Expiry Date: 30 April 2017, Rental net/gross p.a.: 11829.70 plus GST, Tenant Name: (Pet Grooming) Sandra Tarrant, Term (years): 3
Tenancy 2:
Commencement Date: 01 July 2013, Expiry Date: 01 July 2017, Rental net/gross p.a.: 13000 plus GST, Review Dates: 1 July 2015, Rights of Renewal: 1 of 2 years, Tenant Name: Kaiapoi Pharmacy Ltd T/A Wrapt, Term (years): 2
Tenancy 3:
Commencement Date: 01 February 2014, Expiry Date: 31 January 2022, Rental net/gross p.a.: 13650 plus GST, Review Dates: 1 February 2016 / 1 February 2019, Rights of Renewal: 2 rights of 3 years, Tenant Name: Hairitage Studio (Hairdress), Term (years): 2
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Harcourts Fendalton

Holmwood Real Estate Ltd

Licensed REAA 2008

51 Holmwood Road
Fendalton
Christchurch
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