407 Ferry Road, Woolston, Christchurch

Investment on Ferry

• Net annual rent $45,000 + GST and outgoings
• GST inclusive sale - bonus for GST registered buyers
• Freehold land 491sqm (more or less)
• Floor area 296.2sqm (approximately)
• First time to the market for over 35 years

Bayleys are pleased to be offering this entry level commercial investment to the market for the first time in over 35 years.

The Vendor operated a car yard from here for many years from 90's, now tenanted by Torque Tyre and Auto Limited, the property is situated on the major arterial of Ferry Road and as such enjoys significant profile and passing traffic flows. Seismic strengthening was completed to 67% NBS in 2022 giving comfort to the new owner that this building is a solid investment.

The final expiry date of the current lease is 1 August 2026 and although Torque Tyre and Auto may wish to seek a new lease this opens up an opportunity for owner/occupiers.

The Vendor is not GST registered thereby providing the opportunity for GST registered buyers to claim the GST from the purchase price.