Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and EditorialLive Auctions

Waikuku

1429 Main North Road, Waikuku, Waimakariri

Video
Watchlist
Share
Sold
Slide 1 of 29
1 OF 29
5521121_1.jpg
5521121_2.jpg
5521121_1.jpg
5521121_2.jpg
5521121_1.jpg
5521121_2.jpg
849sqm Floor area
1.34 ha Land area SQM

Private Treaty

(unless sold prior)

Income and upsides on 1.34 hectares


Deadline Sale (unless sold prior)
2pm, Thur 7 Mar 2024
3 Deans Ave, Chch

Negotiable over $1,250,000 + Plus GST (if any)

Offering an income from existing tenancies plus spare land and access to State Highway One, this investment property deserves another look.

Known as "The Old School Collective" formerly the site of Waikuku School, the site has become a popular and well regarded destination for locals, visitors and travellers alike. Comprising currently, of eight individual tenants with commercial leases in place to 2037.

One upside is the space for additional tenants meaning more income for the land owner. This property will appeal to first time commercial investors or owner operators looking for a local base. The land at the rear could be developed further into storage units, subdivided into sections (planning permission dependent) or used to park equipment which needs easy access to State Highway One. Ideal as a contractors or sub-contractors yard. This property will always have the appeal of the attractive holding income from the diverse leases in place.

• High visibility with over 12,000 traffic movements daily (sourced from nzta website)
• Zoned Residential 4B (large lot residential)
• 80% NBS rating
• 1.34 hectares of land, 849sqm buildings more or less of available space
• Current net income of approximately $115,305 plus GST plus outgoings, with scope for further growth
• Close proximity to the expanding townships of Rangiora, Woodend and Pegasus

If you are looking for a secure investment or are looking for an outlet for your own business alongside a passive income, The Old School Collective is worth exploring. This unique investment is simply poised for further exciting growth, a rare and exciting proposition. So please call now for more information and to arrange a viewing.

Deadline Sale
(unless sold prior)

3 Deans Avenue, Chch

7

Mar

Time2pm
Calander
Calendar
Julia Ashmore-Smith

Julia Ashmore-Smith

Residential, Lifestyle and Investment Sales

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Kate Mullins

Kate Mullins

Business, Tourism and Commercial Sales

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Location


Located on State Highway 1, 30km north of Christchurch, and located in the rapidly developing Waimakariri area

Occupancy


Eight individual tenants with leases through to 2031

Zoning


Residential 4B

Land bank


1.34 hectares of land, 849sqm buildings more or less of available space