Colliers are proud to exclusively present for sale, 231 Archers Road, Wairau Valley - A meticulously renovated multi-tenanted retail trophy investment, commanding a high profile and elevated position on a popular arterial road.
Returning $1,399,391* + GST + Opex, the diversified income stream is split between 5 tenants, and benefits from fixed rental growth with varying long lease terms.
Fully redeveloped by the vendor in 2022 and situated on a 9,181 sqm regular shaped freehold title, 231 Archers Road features a 3,927 sqm standalone building split into 5 tenancies, with 125 designated onsite carparks.
The bustling and proven development, anchored by Chemist Warehouse and Golden Apple Supermarket, is located within close proximity to Bunnings, Mitre 10 Mega and Pak N Save.
Call the sole agents today for further details. Viewings by appointment only.
Matt Prentice 021 464 904, Shoneet Chand 021 400 765 and Blair Peterken 021 421 426
*Approximately
Features:
- Returning $1.399m + GST + Opex (approximately)
- Diversified income stream from 5 tenants
- 9,181 sqm Freehold title
- Fixed rental growth
- 3,927 sqm Net lettable area
- 125 onsite carparks
- Meticulous refurbishment
- Elevated road front position
- 100% NBS Rating – A Grade
More information: https://www.colliers.co.nz/p-NZL67036062
