21A Main North Road, Papanui, Christchurch City

Presenting an ideal investment opportunity at 21A Main North Road, a highly sought-after commercial property in a tightly held area.

This strategically located asset comprises a land area of 525 sq m with a lettable area of 325 sq m, providing ample space for diverse business operations. Currently, the property enjoys a stable and reliable income stream, generating $73,904 net income per annum plus GST and outgoings, thanks to a long-term, established tenant with favourable lease terms.

The site is further enhanced by on-site parking, adding convenience for both tenants and clients. Additionally, the property features a third vacant unit, offering potential for further value enhancement or increased rental income. An extra income stream is provided by a static billboard, contributing to the property’s overall financial performance.

This investment is a rare find in a tightly held market, offering both stability and growth potential. Don’t miss the chance to acquire a valuable asset with solid returns and excellent future opportunities.

Contact the sole agents today for more information.

For sale by Negotiation.

*Boundary lines are indicative only.

Features:

* Engineering report available

* Tightly held area

* Land area 525 sq m (more or less)

* Lettable floor area 324.65 sq m

* Net annual income $73,904 + GST + OPEX

* High profile + traffic flow

* Split risk investment (1 vacancy)

* Long term established anchor tenant

* Onsite car parking

* Affordable freehold investment