Colliers presents 432 St Asaph Street, Phillipstown, Christchurch, to the market for sale.
This dual income industrial property must be sold. The vendor is motivated to sell the property and has two other neighbouring properties that can be separately purchased. The property faces north and has a large sealed yard area with security fencing.
The site has two buildings/tenancy areas. The first tenancy area consists of modern offices and a workshop with multiple roller doors & a large sealed yard which is leased to a vehicle sales business. The second building is a workshop with separate access which is leased to a furniture polishing business. The total combined rental income is $39,000 + GST + OPEX from the car yard and $6,552 + GST per annum (Gross) from the furniture polisher.
The properties are easy to access and well connected to main arterial roads. The property will appeal to astute investors due to the dual income streams and the ability to add value to the properties.
The tenant, Auto Depot Christchurch has been successfully trading from the site for 14 years and have been a good tenant for the current owners.
Call the sole agents to request a viewing or further information.
For sale by Auction: 10am, Thursday 21 November 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:
* Land area: 917 square metres
* Building area: 273 square metres
* Leased investment
* North facing
* Low site coverage
* Dual income