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Listing Description

Listed: Mon, 29 Jan

Fancy a Stone Grill?

608 Ferry Road, Woolston, Christchurch City, Canterbury

To be sold by deadline sale (by 28 Feb)

Details

  •   815m² Floor
  •   1624m² Land
AttributeValue
Property use
Retail
Agency reference
agentpoint-7894388

Description

JLL are proud to be exclusively appointed to market the freehold asset at 608 Ferry Road to be sold by way of Deadline Private Treaty closing 4pm, Wednesday 28th February 2024 (unless sold prior).

The property is an attractive fully tenanted investment and provides a mix of retail and hospitality tenants that have complimentary uses.

Sitting on 1,624m2 of land and incorporating 5 tenants, the asset provides an investor an annual net rent roll of $189,600 plus GST. The investment is anchored by the Oak and Ferry which is a high performing hospitality operation incorporating and licensed for 18 gaming machines on site.

Having a northern aspect and ‘L” shaped configuration, this allows the development to be serviced by 22 car parks and benefits from strong visibility and dual street frontage.

The suburb of Woolston has undergone significant redevelopment in recent years with several key local assets being built including a New World, Woolston Library and NPD Fuel site adjoining.

Investment highlights:

  • 100% occupied with 5 tenants
  • Net Annual Rent Roll $189,600 plus gst
  • 22 onsite car parks
  • Land Area 1,624m2
  • Net Lettable Area 815m2

Please contact the sole agent Ben Cameron on 021 107 3540 for further information or to arrange your inspection.


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Agent's details

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JLL Christchurch, (Licensed: REAA 2008)

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