394 Colombo Street, Sydenham, Christchurch City, Canterbury

This opportunity will appeal to any astute investor or entry level investor looking for a quality, low risk investment to add to their commercial portfolio.    The well located retail investment is leased to an established and highly respected business of 25 years being Eco Frame and Mirror, returning $83,830.61 + GST + OPEX . This should appeal to those searching for a greater return than their current deposit rates.    The immaculate freehold property is newly constructed in part with the front of the property completely rebuilt post EQ and the rear workshop being strengthened. This is a low maintenance hands off investment with a 10 year lease with 6 years remaining.   Eco Frame and Mirror has a great established customer base due to its extensive surrounding residential catchment, ease of access and profile and neighbouring commercial amenity including the popular Colombo shopping centre.    This asset provides a great long term investment for those looking to re-invest funds or cement their portfolio position.   The property is being sold via a deadline process. Don’t hesitate to be in touch for further details, these entry level investments don’t sit on the market for long.   Asking Price of $1,295,000 + GST if any   Boundary lines are indicative only.

Features:

• 10 year lease term (6 years remain)
• Fixed annual CPI growth
• Market reviews five (5) yearly
• Leased to established business Frame & Mirror Limited
• Popular Sydenham location
• Car parking available
• Easy access off Wordsworth Street
• Newly built showroom and existing workshop

Asking Price of $1,295,000 + GST if any

More information: https://www.colliers.co.nz/p-NZL67037836