Dual Tenanted - Split-Risk Investment

CBRE is pleased to present 484 Tuam Street, Phillipstown for sale.

Positioned on Christchurch’s CBD fringe, this compelling entry-level investment is set on a freehold 682sqm* site and comprises two standalone tenancies, fully leased to provide immediate income and split-risk security.

This rare offering combines both residential charm and industrial functionality, appealing to investors seeking a diversified income stream in a well-established location.

The character residential dwelling features four bedrooms, generous living areas, and full amenities. Recently leased on a 12-month term, it provides a steady return of $26,000 per annum.

To the rear, the warehouse tenancy is occupied by Fix All Automotive, returning $43,000 per annum + GST and outgoings, delivering a strong industrial income component.

Key Features:
-Dual-income, fully tenanted investment
-Split risk across residential and industrial tenancies
-Returning $69,000 per annum
-67% NBS (vendor-supplied report)
-682sqm* freehold site
-341sqm* industrial building
-CV $1,010,000.00
-Circa 8% return

*Approx.

Opportunities to secure affordable, diversified investments of this nature are scarce in today’s market.

Offers over $850,000.00 + GST (if any).

Contact the sole agents Jeremy Brown (027 506 0430) or Paul Brown (021 386 069) for further information and to schedule an inspection.