250-254 Cranford Street, St Albans, Christchurch

Icing on the cake

• Weighted Average Lease Term: Nine (9) years
• Split-risk investment
• Constructed 2014
• Net rental: $254,178 per annum plus GST

This post-earthquake tenanted investment is located in a small, high profile, tightly held commercial centre. The Kidds Bakery brand is synonymous with quality baking and this location, and attracts both destination and drive-by customers travelling on the northern motorway extension and Innes Road.

Three tenants underpin this investment with the anchor tenant well established in the Christchurch market with both wholesale and retail offerings. A high traffic count and controlled intersection means the building is front and centre for today's and tomorrow's growing number of commuters.

The property is fully leased to three tenants, including the billboard, producing a net income of $254,178 per annum plus GST with a weighted average lease term of 9 years. Full tenancy details are available on request.

To assist purchasers with their assessment of the offering an online due diligence data room is available: propertyfiles.co.nz/5525515