Sold Property

597 Springs Road, Prebbleton, Canterbury 7604

  • 1446

$650,000

7% Return and Location to Boot

This beautifully maintained cottage currently leased to a well known café is located just 15 mins drive from Christchurch on the main road of Prebbleton. Located minutes from the Southern Motorway in an area of rapid growth.

Lease in place until April 2023 with floor areas of 140m2 and land area of 1446m2. Existing income with lease in place $46,000 + GST.


All viewing strictly through agent upon a return to Level 2. Property ID: #CR43324

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Sold Date

  • 21 July, 2020

Property features

  • Property Type: Other (Hospitality)
  • Property Features: Building Name: Hartnells Cafe
  • Uncovered: 14
  • Tenure: Fee Simple
  • Virtual Tour URL: http://www.youtube.com/watch?v=hAEK1dHt1LQ
  • Tenancy 1: Area Sqm: 1446, Commencement Date: 01 April 2020, Expiry Date: 01 April 2020, Rental net/gross p.a.: 52896, Tenant Name: Hartnells Cafe, Term (years): 3
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Outgoings

  • OPEX $: 17066

Office

Harcourts City Christchurch

Licensed under REAA 2008

Repayment Calculator

Est. bond $1920
  • 1446

Sold Property

597 Springs Road, Prebbleton, Canterbury 7604

$650,000

7% Return and Location to Boot

This beautifully maintained cottage currently leased to a well known café is located just 15 mins drive from Christchurch on the main road of Prebbleton. Located minutes from the Southern Motorway in an area of rapid growth.

Lease in place until April 2023 with floor areas of 140m2 and land area of 1446m2. Existing income with lease in place $46,000 + GST.


All viewing strictly through agent upon a return to Level 2. Property ID: #CR43324

Property Features

  • Property Type: Other (Hospitality)
  • Property Features: Building Name: Hartnells Cafe
  • Uncovered: 14
  • Tenure: Fee Simple
  • Virtual Tour URL: http://www.youtube.com/watch?v=hAEK1dHt1LQ
  • Tenancy 1: Area Sqm: 1446, Commencement Date: 01 April 2020, Expiry Date: 01 April 2020, Rental net/gross p.a.: 52896, Tenant Name: Hartnells Cafe, Term (years): 3
Show More

Outgoings

  • OPEX $: 17066

Sold Date

  • 21 July, 2020
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Harcourts City Christchurch

Office Harcourts City Christchurch Licensed under REAA 2008

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