2 Smith Street, Woolston, Canterbury

Here's a rarely available and unique opportunity for new investors looking for a low risk investment or investors looking to add to their portfolio. It also offers development or re-development potential, with excellent income stream as well as possible upside in rental.

Address: 2 Smith Street, Woolston, Christchurch

Legal Description: Lot 6 DP 9633

Current Rating Value: $500,000
Land Value: $155,000
Improvement Value: $345,000
Valuation Date: 1 August 2016

Certificate of Title: CB420/35 (Freehold)

(Above information sourced from Property Guru)
2 Smith Street is located at the Ferry Road intersection with Smith Street, thus enjoying high exposure and profile given its corner site. It also has the added advantage of fronting onto busy Ferry Road - one of the main arterial roads of Christchurch.

2 Smith Street has a building on the front of the section, consisting of a commercial retail
shop as well as a two-storey residential unit. There is also a garage/storage unit at the rear.

It is currently fully tenanted, albeit on a periodic basis to offer the next owner more flexibility; including an owner/occupier option. Both tenants have indicated that they wish to stay on. The current annualised rental income is approximately $42,500 pa.(incl. GST)

The Opportunity:

Astute investors and/or developers! A golden investment opportunity that ticks all the right boxes awaits you:
- High profile location
- Multi-tenanted to spread your risk
- Excellent income stream with upside
- Development potential

Please contact Harry Lim immediately for further information and to register your interest. Property ID: #CIC45843