713 Ferry Road, Woolston, Christchurch

Catch this Investment

Auction
(unless sold prior)
12pm, Fri 8 Sep 2017

- 320sqm building on 566sqm of freehold land
- Liquid Laundromat have a new six year lease
- Discount Dairy holds a NZ Post services contract
- Prime corner position adjacent to New World

The two tenants return a current gross rental of $70,000 per annum with the Discount Dairy covering a substantial part of their yearly rent with the management of the 590 PO Boxes and NZ Post services contract. Liquid Laundromat now have 12 stores in their rapidly expanding South Island network. Solid building, quality tenants, prime corner profile.....a great investment.

Deducting the non-recoverable outgoings of rates, insurance and compliance costs gives a net rental of $60,832.19

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