Listing #:1694358741

Your first commercial purchase?

Location: 11/27 Waterman Place, Ferrymead, Christchur­ch City, Canterbury
Property use: Office
Floor area: 127-128m2
Price: Asking price $380,000
-Live Work Option: Built as industrial units with managers residences, this unit provides Owners with live work options either for themselves as occupiers or tenants.
-Holding Income: The unit is part leased to Damstra Technologies on a month to month basis.
-Great Location: The Ferrymead Commercial area provides an exceptionally high level of amenity, with everything an occupier would need within just a few minutes drive.
-80% NBS

Ferrymead has seen significant commercial investment in recent times, with confidence in the area shown by the quality of the tenants, the long length of the leases and the low yields being achieved for commercial property sales in recent months. The problem with high confidence in an area is that high prices usually accompany it.

Unit 11, 27 Waterman Place offers all purchasers the opportunity to get a foothold in this sought after commercial area without paying through the teeth for it.

Astute property owners will be aware of the low returns obtained on residential investment and the comparatively high barriers to entry surrounding commercial property ownership, making the potential for a 7% return highly desirable. Meanwhile, Owner occupiers should seize the opportunity to become their own Landlord.

Contact the agent today to arrange a viewing. *For more information, copy and paste www.propertyfiles.co.nz/property/557512 into your address bar.

Agency reference #: 557512
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Asking price: $380,000
11/27 Waterman Place, Ferrymead, Christchurch City, Canterbury
Asking price: $380,000
Listed: Wed 6 Jun, 11:00 am
Mitchell Wallace
Bayleys Canterbury - Whalan and Partners Ltd, Licensed Agent (REAA 2008)
  • Contact details
  •  (03) 3754700
  •  (027) 6644773

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Agent's details

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Mitchell Wallace
Blair Young
Bayleys Canterbury - Whalan and Partners Ltd, Licensed Agent (REAA 2008)
(03) 3754700
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Expires: Tue 4 Dec, 10:00 am
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