Listing Description
Liquidating High Performing Asset
283-291 Lincoln Road, Addington, Christchurch City, Canterbury
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Agency reference | CIC63445 |
Description
Multi-Tenanted & Split Risk Investment
NAI Harcourts is pleased to present this exceptional opportunity to acquire a high-performing retail investment in the thriving commercial precinct of Addington.
After a tenure of nearly 19 years and serving the owners well, they are looking to liquidate this investment and pass the property to a fortunate investor. With all the positive news stories about the region, confidence in the Christchurch commercial sector continues to escalate.
Strategically positioned on a prominent, high-profile corner this property benefits from outstanding visibility, dual street access, and strong foot and vehicle traffic of approx. 23,000 passing vehicles per day. The investment is anchored by a diverse mix of established tenants, offering immediate income and long-term growth potential.
This well presented freehold property consisting of 2 x titles offers a secure and diversified income stream from a mix of established tenants which is surrounded by a growing population as neighbouring residential properties intensify through greater levels of density.
Key Investment Highlights:
- Split risk across 8 x tenants
- 54 x onsite carparks
- 3327m2 land area across 2 x titles
- Dual access
- Strategic corner profile
- Current passing rent - $460,611.64 + opex & gst
- WALT = 3.31 years
283-291 Lincoln Rd is a rare chance to secure a proven income producing retail investment with multiple tenants, spreading risk and ensuring consistent returns. Ideal for investors seeking a stable commercial asset with future growth potential and the prospect for a billboard sign to be explored.
The owners have served strict instructions to sell citing falling interest rates as a further enticement into this sought after commercial asset.
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Property Files
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