High-yielding asset with opportunity to grow


359 Lincoln Road, Addington

By Negotiation

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High-yielding asset with opportunity to grow | 359 Lincoln Road, Addington | 5517948 |      X Close
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High-yielding asset with opportunity to grow


ā€¢ Returning $437,976.00pa

ā€¢ 57 car parks and 17 short-stay/customer parks

ā€¢ Underpinned by 4,395sqm (more or less) of freehold Commercial Mixed-Use land

ā€¢ Circa - 2,637.3sqm of office and retail space leased

ā€¢ Circa - 3,217.1sqm total office and retail space

ā€¢ 69% NBS

Prime Christchurch location, a stone's throw from Hagley Park with main arterial routes on the doorstep and a daily traffic count of over 18,000 vehicles per day.

There are opportunities to grow the rent roll or hold with income while working on development plans.

This is a must view for serious investors or syndicates looking to add a high-yielding asset to their portfolio.

For more information on the property, please copy and paste the following link into your web browser:

https://www.propertyfiles.co.nz/property/5517948

Call the sole agents now for further information or to arrange a viewing.

Simon Lagan

Christchurch

Licensed under the REA Act 2008

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Campbell Taylor

Christchurch

Licensed under the REA Act 2008

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359 Lincoln Road, Addington

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Simon Lagan

Christchurch

Licensed under the REA Act 2008

View profile

Campbell Taylor

Christchurch

Licensed under the REA Act 2008

View profile