Prime Location with Dual Income Stream


29 Watts Road, Sockburn

Auction

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Prime Location with Dual Income Stream | 29 Watts Road, Sockburn | 556321 |      X Close
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Prime Location with Dual Income Stream


Auction (unless sold prior)

12pm, 20th April 2018

3 Deans Avenue, Christchurch

- Excellent central location

- Returning $198,029.92pa plus GST and outgoings

- Strong lease covenants - with a desirable WALT

29 Watts Road is home to two well established and regarded businesses, both of whom have a lengthy history of operating successfully on this site.

The leases have been renewed recently, and the two properties have been recently strengthened to 67% NBS.

The generous freehold title comprises 3892sqm of land within a sought after location, allowing access to either Blenheim Road or Main South Road. The net lettable area comprises over 2000sqm, complete with 28 off street car parks.

Watt are you waiting for? Call Nick for your IM today - this property offers you a fantastic long term income stream with rental growth potential.