Profile Investment 7.5% Net Return - 6 Year Lease

CBRE is pleased to present 458 Colombo Street to the market for sale.

Positioned on one of Christchurch's busiest suburban commercial corridors, 458 Colombo Street presents an affordable freehold investment opportunity within the heart of the established Sydenham commercial precinct.

The property comprises a well-presented single-level commercial building situated on a high-profile Colombo Street site, benefiting from excellent exposure, accessibility and strong surrounding commercial activity. The location continues to attract both occupiers and investors due to its strategic city fringe position and proximity to Christchurch CBD.

The property is leased to Bikanervala on a six year lease plus renewalls, an internationally recognised Indian restaurant and confectionery brand with an established presence throughout New Zealand and overseas, returning $70,200 net per annum plus GST and outgoings.

Underpinned by Local Centre zoning and a 67% NBS rating, this offering combines secure holding income with long-term location fundamentals in one of Christchurch's most established commercial precincts.

Investment highlights:
· Returning $70,200 net p.a. + GST and outgoings
· Leased to internationally recognised brand, Bikanervala
· Freehold land and building
· High-profile position on Colombo Street
· Approx. 210sqm building on 212sqm freehold site
· Located within the established Sydenham commercial precinct
· 67% NBS
· Local Centre zoning
· Affordable city fringe investment
· Sale price: $935,000 + GST (if any)

For more information and to schedule a viewing, please contact the Sole agents, Chengyang Zhang (021 387 167) or Paul Brown (021 386 069)