Bank on 7% return


1 Riccarton Road, Riccarton

Asking Price NZD $5,225,000 + GST (if any)

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Bank on 7% return | 1 Riccarton Road, Riccarton | 559741 |      X Close
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Bank on 7% return


• Three freehold strata titles

• Returning $365,466.48 net per annum

• Long term leases with potential options to increase income

One of the highest profile properties in Christchurch, located on the corner of Riccarton Road and Deans Avenue adjacent to Christchurch's iconic Hagley Park. The ground floor of the Parkview Hotel is occupied by two established restaurants in Monster Chicken (Unit 2) and Thai Chef (Unit 3), with both having access to the 94 park carparking building (Unit 4) positioned adjacent to the restaurants. Parkview Hotel is under new management with substantially increased occupancy, greatly benefiting the restaurants. An investment well worthy of your consideration.

Contact Blair or Mitchell for further information,

or copy and paste www.propertyfiles.co.nz/property/1RICCARTON into your address bar.

1 Riccarton Road, Riccarton

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