293 Colombo Street, Sydenham, Christchurch

Fully leased retail site - Vendor ready to move on

• High traffic location: exposure from an average of 16,500 passing vehicles per day
• Net income: $227,775 per year net (approximately)
• Weighted Average Lease Term: 4.21 years

Our vendor is ready to move on and will consider all sensible offers - providing an excellent opportunity to acquire a high profile asset with a history of strong performance. The fully tenanted property houses seven well-established businesses, collectively generating a robust net income of approximately $227,775 annually. The current owner has made significant capital investments in the property, including new landscaping and refurbished parking area. The strategic location, combined with recent improvements, ensures continued desirability and potential for future growth. With a new housing development of over 70 units being built directly behind this site, we can anticipate an even greater increase in patronage.

Contact the sole agents today for more details on this exceptional investment.