Colliers is pleased to present 268 Greers Road, Bishopdale to the market for sale.
Primely positioned on the corner of Wairakei and Greers Roads the property is situated in the bustling hub of Bishopdale alongside popular and established businesses. No one needs GPS to find this familiar Christchurch address.
The 120sqm building has recently been leased to Sun Kissed Tan Limited who are in the process of completing their fit out and expecting to open their doors in the coming weeks. With a new 10 year lease in place to a proven operator and fixed rental growth this is a fantastic opportunity. Freehold buildings of this calibre are tightly held and rarely available to the market
The freehold 324sqm site provides great onsite car parking easily accessible from Wairakei Road and the strengthening work has recently been completed to bring the building to 75% NBS.
This is a well established location servicing a large residential catchment and located near key amenities such as the Christchurch International Airport, Wairakei School, Burnside High School, Jellie Park, The Willows preschool and the surrounding retail businesses.
To download property files copy and paste the below link:
https://www.propertyfiles.co.nz/property/577800001
For sale by Auction: 10am, Thursday 1 July 2021 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
- New 10 year lease to Sun Kissed Tan Limited
- Net passing income $45,000 + OPEX + GST
- Five onsite car parks
- 75% NBS
- Fixed rental growth
- High profile corner
- Tenant with established brand
- Established retail location
- Freehold 324 sqm corner site
More information: https://www.colliers.co.nz/p-NZL67015028
