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Ashburton

160-240 Tancred Street, Ashburton, Ashburton

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4,702sqm Floor area
10,163sqm Land area SQM

Price On Application

Multi-tenanted retail investment


Bayleys alongside JLL are thrilled to present this multi-tenanted retail investment property in the heart of Ashburton Town Centre.

This complex is home to four quality tenants: City Fitness, Number 1 Shoes, NZ Bed Company and Liquor Centre. These tenants provide strong passing income for investors with a great value add opportunity for the right buyer.

The substantial land holding comprises 10,163sqm with 4,402 NLA and a generous 133 car parks (approximately). The freehold holding has three separate buildings which are currently being divided into three separate titles. The complex is available as one or potentially on separate titles.

This is an extremely exciting opportunity for investors or owner-occupiers alike to secure a site in the commercial core of Ashburton.

• Net Annual Income $743,235.75 + GST + Opex
• Two buildings 100% NBS and one building 70% NBS
• Great commercial core location
• Value add angle for the astute investor

Please contact Joint Sole Agents for further information. To download the property files, copy the following link in to your browser, register your details and wait for the links to be emailed to you: https://www.propertyfiles.co.nz/property/685660004

Ray Knight

Ray Knight

Commercial and Residential Sales

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

Jon McAuliffe

Country Sales

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

Features

Anchor tenants


Established clients including a strong anchor tenant

Land area


Excellent underlying land holding of 10,163sqm

Parking


Dual access site with 133 car parks

Location


This is an extremely exciting opportunity for investors or owner-occupiers alike to secure a site in the commercial core of Ashburton

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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