345 Stanmore Road, Richmond, Christchurch

Suburban investment with upside

**Sold under hammer**

• Multiple tenancies spread investment risk
• High passing traffic flow with corner profile
• Upcoming commercial and residential area close to the CBD
• Building 75% NBS, generous car parking with 1,065sqm land area

The vendor's circumstances have recently changed, reluctantly leading to the offering of this fantastic strip retail investment. Anchored by the well regarded Bombay Brasserie and long standing Bottle-O tenancies the prime corner premise, previously North Avon Pharmacy, is currently under negotiation with an established national tenant. Once this lease is finalised the net rental will be $95,924.96 + GST per annum. With recently renewed leases and market rent reviews due in December 2021 there is certainly an upside for the next owner.

With the recent change to residential investment rules this entry-level investment is bound to appeal to many investors.

You can access the Information Memorandum and further information by visiting the following link or copying it to your search bar: http://www.propertyfiles.co.nz/property/5515941