- National tenant provides income stability
- 1st floor vacancy presents owner occupier opportunity
- Strengthened above 67% NBS
- Zoning allows for flexible future redevelopment options
Benefitting from excellent street frontage and good parking, this two-level office building is well poised for the future. Reap the rewards of the increased public and private investment in Richmond, as improved roading and the redevelopment of the Richmond Working Men's Club and NPD Fuel signify a suburb on the rise.
Investors must take this opportunity while yields on Stanmore remain comparatively soft. Owner occupiers similarly will note the opportunity to obtain security in tenure and add another passive income stream to their business.
This property is our vendor's last remaining tie to commercial property in Christchurch and is the only asset standing between them and a vintage car filled retirement. This desire to (slowly) drive off into the sunset means a fast sale is paramount, and that reality ensures there is yield potential here.
For more information, copy and paste www.propertyfiles.co.nz/property/5511624 into your address bar.
235 Stanmore Road, RichmondOpen in map