salon
Colliers presents 124 Sparks Road, Hoon Hay, Christchurch to the market for sale. This is a unique opportunity for an astute investor to acquire an established medical investment underpinned by a long-term lease agreement to Hoon Hay Medical Services Limited.
This well-located medical centre is currently returning $110,000 + GST + OPEX and should appeal to those who are searching for a good tenant covenant, a quality, low-maintenance building, and therefore, a good return on investment.
The opportunity is further enhanced by a significant landholding of approximately 1,206 sq m. The main building comprises a purpose-built medical centre in very tidy condition. The layout includes two central hallways, reception area, six consulting rooms, a central nurse station, a central sterilizing and equipment area, an administration office, and four additional treatment stations, along with amenities and an additional staff room including a file storage room that was added in 1999.”
The tenant has just established a 10-year lease commencing January 2022 with two further rights of renewal of 6 years each.
The owners are content with their decision to sell and would like it sold at the upcoming auction.
Don’t hesitate—call the sole agents now for further details.
For sale by Auction: 10am, Thursday 13 March 2024 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
* Strong performing business - brilliantly positioned within one of the established catchments in Christchurch
* Net income $110,000 + GST + OPEX
* Tenant pays 100% of the outgoings
* Land area 1,206 sq m (more or less)
* 2 yearly market rent reviews
* Low maintenance property
* Excellent onsite car parking - easily accessible for customer base (25 onsite car parks)
* Established surrounding residential catchment
* 10 year lease term (approx 7 years remaining)
* Long term tenant - 50 + years