Upper Riccarton
51 Auburn Avenue, Upper Riccarton, Christchurch
+16
Government tenant, secure long-term lease
A truly exceptional and seldom available investment opportunity. Buyers seeking a near certain income stream from a brand new, low maintenance property will find this asset hard to surpass. Fixed rental growth throughout the lease term ensures returns keep pace with rising living costs while also strengthening long term capital value.
Positioned in the vibrant retail centre of Upper Riccarton and just minutes from the rapidly expanding University of Canterbury, the area benefits from strong local demand. Broader macroeconomic trends further support this investment: Christchurch continues to attract new immigrants as well as thousands of New Zealanders relocating each year to live, work, and study.
Property Details
• Floor Area: 805.98sqm
• Land Area: 1,095sqm
• Zoning: Local Centre Zone
Tenancy Details
• Lease term: 12 years
• Commencement date: 14 June 2024
• Gross Rental: $367,900 + GST
• Full details available on request
For more details please visit: https://www.propertyfiles.co.nz/5529848
Contact the sole agent, Jeremy Speight
Jeremy Speight
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Floor area details
805.98sqm (approximately)
Land area breakdown
1,095sqm (more or less)
Zoning
Local Centre Zone
Passing income
$367,900 + GST per annum
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Property files
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