413 St Asaph Street, Phillipstown, Christchurch

Sought after location, first class tenant

Bayleys proudly presents 413 St Asaph Street, an exceptional investment property that offers a rare opportunity to acquire a sought-after, quality tenanted asset near the highly desirable Fitzgerald Avenue.

This well located property comprises approximately 366sqm of office space with storage, situated on a freehold title of 645sqm, and boasts eleven convenient carparks, adding to its appeal.

With a first class tenant that has a proven track record and multiple locations nationwide, this property guarantees a steady passive income for discerning investors.

Core Highlights:

• Six year initial term with rental growth
• $95,040 net income
• 645sqm freehold land
• 366sqm floor area
• 11 carparks
• Backup generator ensuring an uninterrupted power supply
• Greater than 85% NBS rating
• Excellent location
• Industrial General zoning

The property is for sale by Deadline Private Treaty (unless sold prior) closing 4.00pm Wednesday 26th July 2023.

For any further information you may require, please contact the sole agents today.