355B Riccarton Road, Upper Riccarton, Christchurch

High exposure tenanted investment

Bayleys is proud to present a unique investment opportunity with the sale of 355B Riccarton Road. This modern property is strategically located in a high-profile area, making it a valuable addition to any investment portfolio.

• Secure leaseback: The property is being sold with a sale and leaseback arrangement for Church Corner Cycles. Upon settlement, a 3-year lease will be in place, returning $30,000 per annum plus GST and outgoings.
• Post-quake refurbishment: Built to contemporary standards, this property meets the latest building codes and offers peace of mind for investors.
• High profile location: Benefit from significant visibility and accessibility in a busy commercial area, ensuring continued patronage and stability for the tenant.
• Established tenant: Church Corner Cycles has a solid reputation and track record, providing reliable rental income.

This is an outstanding opportunity for investors looking to acquire a quality property with a strong return and a dependable tenant.

For further information or to arrange a viewing, please contact your sole agents today!

For Property Files copy and paste the following link: https://www.propertyfiles.co.nz/5525241