Price reduced to $720,000 - showing almost 7% Net Return. Owner wants sold.

High profile first floor office unit with on site parks. Well located on the corner Clarence Street and Princess Street, Riccarton opposite Tower Junction Retail Complex and just off Blenheim Road. Established tenant has just renewed the lease for further 3 years from October 2020.

- New 3 year lease from October 2020
- Established tenant has been in this location for many years
- Net rental $50,000pa + gst + opex
- Floor area 187sqm
- 4 onsite car parks
- High profile with easy access around Christchurch
- Popular Riccarton location
- Price reduced to $720,000

Call Paul Brown today for further information.