40-42 London Street, Lyttelton, Banks Peninsula

Prime corner development site with holding income

On the corner of London Street and Canterbury Street in Lyttelton sits this site once famous for Volcano Cafe and Lava Bar. The site is now the Forty Two Bar/Restaurant which is made up of three temporary containers, joined with an enclosed dining area. On site is also an 'as is where is' shed. The location over looks Lyttelton harbour and is a great spot for a savvy developer to maximise its potential fully. Take advantage of having holding income for the next two years while you develop your dream project. The views from this corner site are exceptional!

Features:
•Two titles
•313sqm of land (approximately)
•Temporary container bar/restaurant Forty Two - 97sqm (approximately)
•Two year lease (commenced 1st September 2022)
•Rent $21,720.50pa + gst and opex
•Opex $9,207.24pa + gst
•'As is where is' shed - 50sqm (approximately)

For more information please contact the sole agents.
Further details can also be viewed here https://www.propertyfiles.co.nz/5520194.