Presenting a prime mixed-use investment strategically positioned on 951sqm of industrial-zoned land with 569sqm of floor area. This well-configured complex offers strong cash flow and excellent future potential in Christchurch's thriving western corridor.
Property Configuration:
Unit 5 (Upstairs): 4 studio units with kitchenettes and ensuites
Unit 5 (Downstairs): Fully furnished living area with kitchen + another studio (ensuite & kitchenette& formal lounge)
- 5 dedicated car parks
- Individual power meters for each room
Units 3 & 4: Two 2 rooms units with full kitchens (2 car parks each)
Unit 1: 1 room layout with living/kitchen area (1 car park)
Unit 2 (Owner-Occupied):
- Upstairs: 5 office rooms + common living area
- Downstairs: Living area with shower, laundry & kitchen facilities
- Massive garage/storage space
- Potential +$1,000/wk rental upside
- 2 dedicated car parks
Investment Highlights:
- $2,620/week current income (Units 1,3,4,5)
- +$1,000/week potential additional income (Unit 2 conversion)
- Prime location: Short dive to Westfield Riccarton, Addington Raceway & Apollo Stadium
- Dual zoning: Industrial with office/commercial/residential potential
- Turnkey operation: Fully insured with health home certificates and professional management
- Expansion-ready: Significant 951sqm land holding
- Future development potential
Why Invest?
- Immediate cash flow from existing tenancies
- Multiple value-add opportunities
- Excellent proximity to major amenities and transport routes
Contact Grace today at 021 0893 5311 to inspect this high-performing asset before it's gone.
All agents & their buyers welcome.
Property information Pack: https://vltre.co/4desiU
Please note that the land and floor area information was sourced from Property Guru and encourage all prospective purchasers to satisfy themselves or seek independent legal advice to the decision to buy.
