9/987 Ferry Road, Ferrymead, Christchurch

National Tenant, new nine year lease

The 987 Centre, is anchored by two of the major banks -ASB and ANZ, along with House of Travel, Bayleys, Saunders & Co solicitors and restaurants Dubba Dubba and T-Sushi. The new head lease is held by FAB NZ, the parent company of Caci Clinic. Caci is an award winning NZ success story which started in 1994 with over 50 locations throughout New Zealand today. Caci's professional clinics offer services in appearance medicine, skin rejuvenation, Laser hair removal and Body shaping.

With the recent change to residential investment rules this entry level investment is bound to appeal to many investors, this is your chance to secure a quality long term investment.

Property Details
Floor area 111.69sqm
Car parks Three (3)
Zoning Commercial Core

Tenancy Details
Nine (9) year lease from 23 February 2021 returning a net income of $39,935.28pa + GST. Market rent reviews three (3) yearly with two (2) further renewals of three (3) years each.

Contact Blair for an Information Memorandum or copy and paste the following URL into your browser to download the Information Memorandum and further property files: https://www.propertyfiles.co.nz/property/5514927