Sold Property

29 Marshland Road, Shirley, Canterbury 8061

$600,000

Tony Ruffell Harcourts Christchurch City Commercial

Massive Profile - Fully Leased Investment - 2 Income Streams

Now is your chance to invest in two very well-presented properties located on the super high profile, commercially zoned, corner site opposite the Palms Shopping Centre in Shirley.
29 Marshland Rd is a very tidy and well-presented property with an international audiology tenant paying $60,000 p.a. + OPEX & GST. The location, profile & easy access to the 10 customer car parks is perfectly suited to this tenant and their clients.
2/40 Hercules St is a very tidy 2 story home with a fixed term 2 year residential tenancy of $410pw in place. Given the land is zoned for commercial use, the possibility to develop the existing building allows for a shift to the higher returns of a commercial lease in the future..

- 2 Tenants
- 67% NBS
- Rentals of $60,000 excl gst & $410 per week incl gst
- High Profile Corner Site
- Zoned Commercial Core

Property Files: https://www.propertyfiles.co.nz/property/570920001
The floor areas are approximate only and have not been independently verified. We recommend the purchaser seek their own expert assessment from a suitably qualified professional. Property ID: #CIC55577

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Sold Date

  • 27 July, 2021

Property features

  • Property Type: Office, Other (Medical Centre / Development Site)
  • Office Square Metres: 267
  • Tenure: Cross-lease
  • Tenancy: Additional Details: Being sold in conjunction with 2/40 Hercules St (CIC55632)
  • Tenancy 1: Area Sqm: 127, Commencement Date: 01 March 2018, Expiry Date: 28 February 2034, Rental net/gross p.a.: $60, 000 Plus OPEX Plus GST, Review Dates: 01/03/2022, Rights of Renewal: 3 of 4 years, Term (years): 4
  • Tenancy 2: Area Sqm: 140, Commencement Date: 31 January 2021, Expiry Date: 30 January 2023, Rental net/gross p.a.: 410/week Incl OPEX Incl GST, Term (years): 2
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Office

Harcourts Christchurch City Commercial

Licensed under REAA 2008

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Est. bond $1920

Sold Property

29 Marshland Road, Shirley, Canterbury 8061

$600,000

Massive Profile - Fully Leased Investment - 2 Income Streams

Now is your chance to invest in two very well-presented properties located on the super high profile, commercially zoned, corner site opposite the Palms Shopping Centre in Shirley.
29 Marshland Rd is a very tidy and well-presented property with an international audiology tenant paying $60,000 p.a. + OPEX & GST. The location, profile & easy access to the 10 customer car parks is perfectly suited to this tenant and their clients.
2/40 Hercules St is a very tidy 2 story home with a fixed term 2 year residential tenancy of $410pw in place. Given the land is zoned for commercial use, the possibility to develop the existing building allows for a shift to the higher returns of a commercial lease in the future..

- 2 Tenants
- 67% NBS
- Rentals of $60,000 excl gst & $410 per week incl gst
- High Profile Corner Site
- Zoned Commercial Core

Property Files: https://www.propertyfiles.co.nz/property/570920001
The floor areas are approximate only and have not been independently verified. We recommend the purchaser seek their own expert assessment from a suitably qualified professional. Property ID: #CIC55577

Property Features

  • Property Type: Office, Other (Medical Centre / Development Site)
  • Office Square Metres: 267
  • Tenure: Cross-lease
  • Tenancy: Additional Details: Being sold in conjunction with 2/40 Hercules St (CIC55632)
  • Tenancy 1: Area Sqm: 127, Commencement Date: 01 March 2018, Expiry Date: 28 February 2034, Rental net/gross p.a.: $60, 000 Plus OPEX Plus GST, Review Dates: 01/03/2022, Rights of Renewal: 3 of 4 years, Term (years): 4
  • Tenancy 2: Area Sqm: 140, Commencement Date: 31 January 2021, Expiry Date: 30 January 2023, Rental net/gross p.a.: 410/week Incl OPEX Incl GST, Term (years): 2
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Sold Date

  • 27 July, 2021

Tony Ruffell Harcourts Christchurch City Commercial

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Harcourts Christchurch City Commercial

Office Harcourts Christchurch City Commercial Licensed under REAA 2008

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