Listing #:2019915284

BETTER THAN THE BANK-PASSIVE COMMERCIAL INVESTMENT

Location: 90 McFaddens Road, St. Albans, Christchur­ch City, Canterbury
Property use: Office
Floor area: 438-438m2
Land area: 1460m2
Price: To be sold by deadline sale (by 3 May)
This is a fantastic opportunity to secure a passive commercial investment opportunity with all of the key investment fundamentals so keenly sought after covered, including; a long term lease of 12 years, 2 yearly CPI reviews as per the lease, St Albans location, underlying land value, and tidy purpose built building improvements, with a proven childcare brand being Minerva House Preschool as tenant.

This opportunity will appeal to any astute investor looking for a quality low risk investment in the popular and established suburb of St Albans.

This well located purpose built childcare investment leased to Minerva House (2019) Limited returning $125,000 plus GST + OPEX should appeal to those parties seeking a greater return on their money than they can achieve with money in the bank.

Don't hesitate to be in touch with the sole agent to discuss further as this opportunity should be popular!

For Sale by Deadline Private Treaty closing at 4pm Friday, 3 May 2019 (Unless sold prior).

 
Features:
* New 12 year lease term
* CPI rental growth 2 yearly with market reviews 6 yearly
* Land area 1,460m² on one certificate of title
* Located in the popular and established suburb of St Albans
* Highly rated business Minerva House Preschool as tenant
* Net income - $125,000 pa + GST + OPEX
* Licensed for 50 children

Agency reference #: 212925
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Deadline sale
90 McFaddens Road, St. Albans, Christchurch City, Canterbury
Deadline sale
Listed: Wed 10 Apr, 3:11 pm
Will Franks
Colliers International Christchurch, (Licensed: REAA 2008)
  • Contact details
  •  (027) 2500130

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Agent's details

Will Franks
  •  (027) 2500130
Colliers International Christchurch, (Licensed: REAA 2008)
(03) 3657887
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Expires: Wed 26 Jun, 4:33 pm
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