Retail - Multi-Tenanted Papanui Investment

2 - 12 Main North Road, Papanui

Private Treaty

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Retail - Multi-Tenanted Papanui Investment | 2 - 12 Main North Road, Papanui | 559054 |      X Close

Retail - Multi-Tenanted Papanui Investment

Deadline Sale (unless sold prior)

1pm, Wed 27 Feb 2019

3 Deans Avenue, Christchurch

- Multi-tenanted with some National tenants

- Generous rear car parking

- High traffic, high profile location

- Currently returning $432,421.68 + GST

- Two freehold titles

This property presents an excellent opportunity to secure a multi-tenanted retail/commercial investment located within one block of Northlands Shopping Centre.

Currently occupied by nine quality tenants including Southland Building Society, Bay Audiology, Artworks, Snap Fitness, La Bella Limited, Hoopers Vapour Limited, Crystal People, Small Business Accounting and David Ward Chartered Accounting Limited. A number of the tenants are long standing and the multi-tenanted nature of this asset provides an attractive risk diversification.

This Main North Road location provides this property with huge exposure to one of Christchurch's busiest arterial roads. The surrounding area includes a mix of bulk retail outlets, a diverse range of food outlets, Northlands Shopping Malls, Hoyts and National Supermarkets.

Here on offer is a great opportunity to secure a well-managed, diversified commercial investment on one of Christchurch's busiest highways.

Please contact George Phillips or Terry Connolly for more information or to arrange a viewing.

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2 - 12 Main North Road, Papanui

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