Listing #:1726054917

8.3% return!! Two tenants - 67% NBS

Location: 84 Falsgrave Street, Waltham, Waltham, Christchur­ch City, Canterbury
Property use: Industrial
Floor area: 888-888m2
Land area: 1012m2
Price: Asking price $760,000
84 Falsgrave Street is a freehold site, containing two tenants, spread of risk and potential rental upside! If you are an investor who wants a fully leased freehold property close to the city, with the potential for rental growth then you must look at this opportunity.

The site is 100% leased to two quality tenants who have occupied the site since 2014 :Supreme Auto and Iconic Restorations returning approximately $63,079.51 Plus GST and OPEX per annum.

The property has a significant amount of money spent on structural and cosmetic upgrades and now meets a minimum of 67% of the New Building Standard (NBS). Full reports and documentation are available to support the upgrade works which have taken place.

A change in direction for the current owners has resulted in the property being offered to the market for genuine sale.

Call the sole agents for further to arrange a site inspection.

Asking price $760,000 + GST (if any).
* Freehold City Fringe property
* Two Quality Tenants
* $63,079.51 Total Net Rental
* 67 % NBS
* Potential Rental Upside
* 100% Leased Investment
* Three phase power

Agency reference #: 207091
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Asking price: $760,000
84 Falsgrave Street, Waltham, Waltham, Christchurch City, Canterbury
Asking price: $760,000
Listed: Tue 7 Aug, 3:46 pm
Christian Kellar
Colliers International Christchurch, (Licensed: REAA 2008)
  • Contact details
  •  (03) 3657887
  •  (027) 3334057


Agent's details

Christian Kellar
  •  (03) 3657887
  •  (027) 3334057
Oliver Salt
  •  (03) 3657887
  •  (027) 8386494
Colliers International Christchurch, (Licensed: REAA 2008)
(03) 3657887
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Expires: Mon 18 Feb, 3:23 pm
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