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Sydenham

72 Byron Street, Sydenham, Christchurch

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1,260sqm Floor area

For Sale by Negotiation

Prime investment with dual tenancy


Vendor moved overseas and no longer requires this asset.
Dual street frontage to Gasson Street & Byron Street plus dual tenancies with a combined income of $182,350pa + GST + outgoings and a total floor area of 1,250sqm. Seismic strengthening completed to 67% NBS.

HomePlus Christchurch
- Eight year lease from 1 April 2016
- Right of renewal 2 of 4 years each
- Final expiry 31 March 2032
- Two yearly market rent reviews
- Net rental $72,350pa + GST
- Net lettable area 492sqm being 147sqm office/showroom and 345sqm warehouse

Detail King
- Eight year lease from 20 January 2020
- Right of renewal 1 of 8 years
- Final expiry 19 January 2036
- Three yearly market reviews and CPI + 2% annually
- Net rental $110,000pa + GST
- Net lettable area 758sqm being 360sqm office/showroom and 438sqm warehouse

Contact agent for an information pack or copy and past the following URL into your browser to check out the property files https://www.propertyfiles.co.nz/property/5513959

Sam Stone

Sam Stone


Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Campbell Taylor

Campbell Taylor


Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Dual


Street frontage / access

Dual


tenancy

Long term


leases

NBS


67%

Rent reviews


Market + fixed increases