4/21 Aldwins Road, Phillipstown, Christchurch City, Canterbury

• Priced at $1,295,000 which represents a 6.6% investment
• High-performing tenant in a growth phase
• Hands-off, fully leased investment with an immediate income stream
• Rare offering in a location where similar units are tightly held and costly to replicate
• A strategic asset suited to both seasoned and first-time commercial investors

Offered to the market with genuine motivation, this fully leased commercial unit in Phillipstown presents a rare opportunity for investors seeking a hands-free, income-producing asset in a tightly held location. Occupied by Grizzly Bagel Limited - an increasingly recognised and respected brand with strong local support.

The property is currently leased on a five-year, five-month term from 1 October 2022, with a Right of Renewal in place. This standalone commercial kitchen and industrial unit sits on a prime stratum in freehold title within the thriving city-fringe precinct of Phillipstown. It offers solid rental income underpinned by a quality tenant, making it ideal for passive investors or those looking to secure a future-proof holding.

• 701sqm total floor area*
• Well-established tenant: Grizzly Bagel Limited
• Stratum in Freehold title
• Industrial General zoning
• Ample onsite car parking

Contact the sole agents today for the full information pack or to arrange a private viewing.

To assist purchasers with their assessment of the offering, an online due diligence data room is available: propertyfiles.co.nz/5527141

*All floor areas are approximate. Boundary lines are indicative only.