High Calibre Refurbished Investment


289 Tuam Street, City

By Negotiation

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High Calibre Refurbished Investment | 289 Tuam Street, City | 557675 |      X Close
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High Calibre Refurbished Investment


For Sale by Deadline Private Treaty (unless sold prior)

4pm, Friday 27 July 2018

3 Deans Avenue, Christchurch

Bayleys Real Estate is proud to offer this outstanding investment opportunity positioned within a rapidly developing central Christchurch location.

The property is divided into four tenancies (office, training, and retail businesses), allowing the next owner to benefit from a healthy spread of income from a range of businesses. The property benefits from dual street frontage on both sought after Tuam and Lichfield Streets, and has ample car parking - a rarity within the four avenues.

The property has gone through extensive refurbishment/redevelopment and presents as new, complete with a strong NBS rating. Call to request a comprehensive sales pack today.

- $1,202,920pa net passing rental

- Price indication $13,700,000 (market valuation) representing approximately 8.75%

net return

- Desirable central location

- Significant off-street parking with 85 car parks

Contact the agents for a comprehensive sales pack today.