32 Gerald Street, Lincoln, Selwyn

Holding income with add-value aspect

• 1,143sqm (more or less) of freehold land in the centre of Lincoln
• Long-term tenant occupying the front building
• Located on Lincoln's main street
• Add-value opportunity

Located at 32 Gerald Street in the heart of Lincoln, just 20km from Christchurch's CBD, this property offers multiple opportunities in Canterbury's fastest growing district. You can choose to develop and add value or keep it as is while occupying or renting out the residential dwelling and simultaneously collect rental income from the long-standing commercial tenant at the front of the property.

The property contains two separate buildings with the front building being leased long term to an optometrist (117.50sqm) and the second dwelling is a vacant 2/3 bedroom house (140sqm) complemented by a stand-alone double garage and a remaining 300sqm (more or less) vacant land opportunity for further development potential.

Whether as a bottom-drawer asset or a premium add value development project, this is an opportunity not to be missed.

Full tenancy details are available on request.