Leased investment returning $87,321

4 Paragon Place, Sockburn


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Leased investment returning $87,321 | 4 Paragon Place, Sockburn | 558185 |      X Close

Leased investment returning $87,321

Auction (unless sold prior)

11am, Thu 18 Oct 2018

3 Deans Avenue,


Occupying a prime corner position on Waterloo Road at the entrance to Paragon Place, this building and associated display yard is a prized investment opportunity. Occupied by vehicle dealer New Zealand Car Canterbury the site provides showroom and office facilities, grooming bay, canopies and a substantial vehicle display yard. Well suited to its current use it is an adaptable property that has also been used for equipment hire. Part of a national vehicle dealership group NZ Car Canterbury have a significant investment in the location with leases on the yard on the opposite corner and the adjoining stand alone building at 3 Paragon Place.

- Returning $87,321 + GST and opex.

- Land area: 1,621sqm

- Building area: 525sqm (including canopy)

- Car parks: 32

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4 Paragon Place, Sockburn

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