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Listing Description
Listed: Fri, 11 Jul
Low-risk investment – prime location
35C Riccarton Road, Riccarton, Christchurch City, Canterbury
Enquiries over $400,000
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 5527405 |
Description
- First time on the market since 2012
- Established, reputable tenant with a thriving business
- Five-year lease in a prime, high-demand location
- Building meets a minimum of 70% NBS (New Building Standard)
Strategically positioned on Riccarton Road, one of Christchurch’s busiest streets, this ground-floor, unit title property of approximately 59sqm offers an outstanding opportunity for the astute investor. The property includes two dedicated car parks, adding further value and convenience.
Currently leased to Dime City Sports, a reputable and rapidly growing business, the property generates a net rental income of $23,000 per annum, with a CPI rent adjustment of 2% every two years. This ensures a stable and increasing income stream in a sought-after area.
This entry-level trophy investment combines low risk with strong returns, making it an ideal addition to any investment portfolio. Properties of this calibre, in such a prime location, are rarely available.
For further information, contact the sole agent today.
Property Files
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