3/29 Shands Road, Hornby, Christchurch

Essential Investment

For sale by Auction 12pm, 14 July 2022

•Long term tenant with a six year lease plus renewal option
•Staywell Pharmacy has been in occupation since 2006
•Net yearly rental of $52,383 + gst and full outgoings
•Popular high profile strip retail and office development
•70% of the New Building Standard

After many years the dual owners have decided to divest this superb investment and go their separate ways. Staywell Pharmacy, established here since in 2006, entered into a new six year lease in 2019 with a further renewal of six years through to 31 March 2031.
Located in a popular strip retail and office complex, with plenty of parking, neighbours include The Toolshed, Henry's Liquor, Hell Pizza, Work and Income, Liquid Laundromat and Metro Mart. The Hornby Hub, Mega Mitre 10, Countdown and Dress Smart Mall are close by, the premises enjoys significant profile and the substantial passing traffic flows of Shands Road.

A highly regarded Tenant, an essential business, makes this an essential investment well worth consideration.