Listing #:1540305535

NEW RETAIL UNIT - 10 YEAR LEASE TERM

Location: 5/187 Wigram Road, Wigram, Christchur­ch City, Canterbury
Property use: Office
Floor area: 93-93m2
Land area: 0m2
Price: To be sold by auction on 8 Mar
Very rarely in the current commercial property market do opportunities arise such as this. This is an opportunity to secure a brand new investment unit constructed in 2017, in the high growth suburb of Wigram.

Key highlights include:

• Unit 5, tenanted retail unit• Tenant Wigram ­VGE & fruit• Long term lease of circa 10 years • High profile with increasing traffic count

The hard work is done, this is a great opportunity to secure a quality asset in an affordable price bracket.

The South-west area of Christchurch has experienced significant residential and commercial growth before the 2011 Christchurch earthquakes with that growth accelerating over the last seven years to make it one of New Zealand's faste­st growing suburbs. The current tenancy mix is well positioned to service the ever growing population and increasing demand for service retail and amenity.

The units are being offered to the market by way of auction on 8 March 2018 at 10am. They will be sold down individually so there will be an opportunity to buy one or multiple on the day.

Call the sole agent now for further details!
Features:
* Unit 5 - Retail unit
* High profile location
* Circa 7,700 vehicle movements per day - estimated to increase
* Significant net income $30,500 + GST + OPEX
* Long term lease circa 10 years
* Quality surrounding tenancy mix
* High growth area - significant population growth

Agency reference #: 151586
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To be auctioned
5/187 Wigram Road, Wigram, Christchurch City, Canterbury
To be auctioned
Listed: Thu 8 Feb, 11:45 am
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: Sun 23 Dec, 3:02 pm
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