9/29 Ensign Street, Halswell, Christchurch

Bottom drawer investments - Halswell

Bayleys proudly presents a remarkable investment opportunity at Units 9 & 10, 29 Ensign Street - a prime location offering an unparalleled blend of convenience, comfort, and substantial investment potential.

Strategically positioned at the corner of Ensign and Balcairn Street, this property caters to multiple residential areas, including Aidanfield, Wigram, and Halswell. Boasting two robust tenancies, including the nationally recognized Domino's and a popular local Indian restaurant. These units are to be auctioned separately.

This investment comprises plenty of parking spaces within the complex, all managed by a vigilant body corporate. Unit 9, known as The Oaks, secures a long-term tenancy initiated in 2019, yielding $34,313.50 + Opex + GST. Meanwhile, Unit 10, housing Domino's, boasts a nine-year initial term from 2019, generating $33,806.50 + Opex + GST.

Amidst other flourishing tenancies within the complex, this investment stands out as a secure, bottom-drawer opportunity in an area currently underserved in terms of commercial presence.

Rarely do investment opportunities arise in the Halswell region, and these units, with a proven track record of solid rental yields, present an enticing prospect for those keen on expanding their property portfolio.

This exceptional property will be offered for sale via Auction on the 18th of April 2024.

For additional details, please reach out to the exclusive agents, Michael at 021 262 9629 and Sid at 027 421 2246. Seize this unique chance to secure a sound investment in the thriving Halswell area.

To assist purchasers with their assessment of the offering an online due diligence data room is available:
https://www.propertyfiles.co.nz/property/808190003 and https://www.propertyfiles.co.nz/property/817680003