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JLL are pleased to exclusively offer 142-152 Somerfield Street to the market by way of Deadline Private Treaty closing 27th November 2024 (unless sold prior).
The property is an attractive fully tenanted investment and provides a mix of retail, hospitality, office and residential. Sitting on 2,405sqm of land and incorporating seven tenants, the asset provides an investor a diverse cashflow along with upside potential. The tenancies include Nurse Maude, Residential flat, Commi Restaurant, Moon Under Water, Runacres, Tillmans and MHL.
Having a northern aspect and incredible dual street frontage, the offering is spread over 5 titles and wraps around the corner of Colombo Street and Somerfield Street. The asset includes a mix of standalone buildings of varying ages.
The suburb of Somerfield is extremely popular with families having several excellent school options and being close to main arterials and within a 10 minute drive to Christchurch City.
Please contact the sole agent Ben Cameron on 021 107 3540 for further information.
•Fully occupied to 7 tenants
•Rental $424,000 pa (approx.) plus GST
•Land area 2,405sqm
•Net lettable area 1,758sqm
•Commercial local zone
•Excellent residential catchment with plenty of surrounding amenity