130 Riccarton Road and 2 Kauri Street, Riccarton, Christchurch

Standout location, fully leased investment

Bayleys proudly presents 130 Riccarton Road and 2 Kauri Street, Riccarton, offering an exceptional investment prospect.

Located directly across the road from the highly regarded Westfield Riccarton mall which needs no introduction, bringing a significant amount of retail traffic to the local area with Riccarton Road being one of the busiest thoroughfares in Canterbury.

The property is leased to full capacity with four quality tenants and most being of a longer standing nature.

31 car parks are included being an absolutely rarity for the location, further underpinning your investment.

Generating a solid income of approximately $242,985 net per annum, the property has great room for further growth with inbuilt lease provisions.

Featuring:
• 31 carparks
• 1,175sqm land area
• 960.70sqm floor area
• 85% NBS 2 Kauri Street, 70% NBS 130 Riccarton Road
• Zero vacancy, leased to four quality tenants
• Returning $242,985pa approx. net annual income
• Westfield Riccarton Mall located directly across the street

Secure your stake on Riccarton Road while it exists and reap the benefits of such a strategic location for the long term.

To be sold by Deadline Private Treaty closing 4pm NZT on the 18th April 2024 (unless sold prior).

Please enquire with the sole agents for further information.