Listing #:1650750651

Better than a 7% return!

Location: 325 Stanmore Road, Richmond, Christchur­ch City, Canterbury
Property use: Office
Floor area: 1-511m2
Land area: 0m2
Price: Price by negotiatio­n
This property is well located in Richmond nearby the Stanmore Road and North Avon Road intersection. The property is positioned nearby food and beverage operators, retailers and adjoining the Richmond Working Men’s Club. The building occupies a prime corner position with excess car parking to the rear.

The property presents in modern tidy condition having been constructed post earthquake in 2013.

The property are offered for sale at an asking price of $2,300,000 + GST which represents 7% yield.
Features:
* Five leased retail units (*1 year underwrite for 6th unit)
* Post earthquake construction
* Spread of risk with multiple tenancies
* High traffic volume
* Net passing income of $162,500*
* High profile corner position
* 100% NBS
* Great onsite car parks
* Large residential catchment nearby
* Net lettable area of 511.2m²*

Agency reference #: 202863
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Price by negotiation
325 Stanmore Road, Richmond, Christchurch City, Canterbury
Price by negotiation
Listed: Thu 31 May, 2:36 pm
Courtney Doig
Colliers International Christchurch, Licensed Agent (REAA 2008)
  • Contact details
  •  (03) 3657887
  •  (021) 991251

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Agent's details

Courtney Doig
  •  (03) 3657887
  •  (021) 991251
Paul Marshall
  •  (027) 2219994
Colliers International Christchurch, Licensed Agent (REAA 2008)
(03) 3657887
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Expires: Thu 26 Jul, 2:37 pm
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