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Paul Middleditch Harcourts Christchurch City Commercial
Jess Shane Harcourts City Christchurch
It's no secret that property is giving a better return than the banks at the moment so why not invest in "bricks and mortar" with this cute retail store with the added bonus of a residential flat on the first floor, set amongst The Wycola St Shops.
The ground floor is currently tenanted by a hair salon until May 2023 with an option to renew through to 2026 and the first floor is sublet to tenants on a residential tenancy agreement bringing in a total return of $32,240 + GST p.a. ($620 per week + GST) with the option to increase to market rates in May 2022. The salon tenant leases the ground floor and the first floor and has the right to sublet the first floor flat as she has done so, to the same happy tenant for the past 3 years.
- Total Income - $32,240 +GST p.a.
- Next Rent Review - 30 May 2022
- GF Shop - Approx. 85m2
- L1 - 2 bedroom apartment
- 71% NBS
The Wycola St Shops is well supported by the very loyal and local community.
Opportunities like these don't knock twice, so act smartly to secure this astute investment.
To arrange an inspection, please contact Paul Middleditch (0272767047) or Jess Shane (0272534440)
For further information, please paste the following link into your browser, supply your contact details and wait for an email from Property Files with the links to download.
https://www.propertyfiles.co.nz/property/FM57560
IMPORTANT: Due to the business being mandated downstairs, vaccine passports will be required to view this property. If unvaccinated please contact the listing agents.
Property ID: #CIC55969
Office
Licensed under REAA 2008
Sold Property
It's no secret that property is giving a better return than the banks at the moment so why not invest in "bricks and mortar" with this cute retail store with the added bonus of a residential flat on the first floor, set amongst The Wycola St Shops.
The ground floor is currently tenanted by a hair salon until May 2023 with an option to renew through to 2026 and the first floor is sublet to tenants on a residential tenancy agreement bringing in a total return of $32,240 + GST p.a. ($620 per week + GST) with the option to increase to market rates in May 2022. The salon tenant leases the ground floor and the first floor and has the right to sublet the first floor flat as she has done so, to the same happy tenant for the past 3 years.
- Total Income - $32,240 +GST p.a.
- Next Rent Review - 30 May 2022
- GF Shop - Approx. 85m2
- L1 - 2 bedroom apartment
- 71% NBS
The Wycola St Shops is well supported by the very loyal and local community.
Opportunities like these don't knock twice, so act smartly to secure this astute investment.
To arrange an inspection, please contact Paul Middleditch (0272767047) or Jess Shane (0272534440)
For further information, please paste the following link into your browser, supply your contact details and wait for an email from Property Files with the links to download.
https://www.propertyfiles.co.nz/property/FM57560
IMPORTANT: Due to the business being mandated downstairs, vaccine passports will be required to view this property. If unvaccinated please contact the listing agents.
Property ID: #CIC55969
Paul Middleditch Harcourts Christchurch City Commercial
Jess Shane Harcourts City Christchurch
Office Harcourts Christchurch City Commercial Licensed under REAA 2008
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