NAI Harcourts Grenadier is proud to bring this high performing asset investment asset to the market. With all the positive news stories about the region, confidence in the Christchurch commercial sector continues to escalate.

Nestled at the heart of Wigram and within the popular retail and business precinct, The Landing, this striking building is leased to Flex Fitness Wigram on a 10 year term through until March 2033 with renewal options ( 2 x 5 year terms) through to 2043.

Constructed in 2022, the property is positioned on 1016m2 of freehold land and features a grand lettable area of 729m2 complimented by ample on-site carparking.

Investment Features
• 2015 construction
• 10 year lease term through to 2033 (plus renewal options)
• Ample onsite parking (14 x parks on title)
• Rental income = $203,450 per annum (plus opex & gst)
• Opex fully recoverable
• Popular SW Christchurch location

Ideal for investors seeking a passive and low-maintenance, long-term asset with reliable yields. Immediate sale due to owners instructions - don't miss this chance to secure this sound investment in Christchurch's resilient commercial landscape.

Opportunities like this don't knock twice, and given the owners instructions to sell on or before auction date, I recommend registering your interest early.

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https://www.propertyfiles.co.nz/property/#L37387416