Prime investment with dual tenancy


72 Byron Street, Sydenham

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Prime investment with dual tenancy | 72 Byron Street, Sydenham | 5513959 |      X Close
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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

72 Byron Street, Sydenham

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