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Culverden

31 Mountainview Road, Culverden, Hurunui

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688sqm Land area SQM
241sqm Floor area

Asking Price NZ$550,000 + GST

 (if any)

10% Net return when fully let!


With a premium main street location and an A grade national business as the anchor tenancy, this is a rare commercial offering at a very affordable price! Including:

• 688sqms, freehold and zoned Business.
• Approximately 24m of frontage to State Highway 7, presenting fantastic marketing opportunities.
• A generous retail space / showroom, staff area and kitchenette which is vacant and available for lease.
• Adjoining workshop with a high stud and roller door which is leased.
• A dual access site which includes a large rear yard.
• Located in Culverden, a well-established agricultural hub in North Canterbury.

The adjoining workshop and yard represents over half of the property and is leased out to a nation-wide business for six years (plus two rights of renewal of four years each). This is returning $30,000 + GST per annum.

This leaves the remainder of the property which could also be leased, or, used by the new owners for their own business venture. This vacant space is expected to return $25,000 + GST per annum and when leased would mean a combined total rental for the property of $55,000 + GST per annum.

To underwrite the sale and provide a 10% return to the new owners, the vendor is willing to provide a rental guarantee for one year for $25,000 + GST. **

So whether you are looking for an investment property with fantastic returns, or a high profile base for your business, 31 Mountain View Road is well worth your prompt inspection!

For further information and to arrange your viewing please contact Harley today!

** Conditions apply.

Note: The property is sold Plus GST (if any).
The 'Culverden Kitchen' image is an artist impression only.

Disclaimer: Some of the information relating to this property has been sourced from Property Guru and we have not been able to verify the accuracy. We advise purchasers to make their own independent inquiries.

Harley Manion

Harley Manion

Residential, Lifestyle and Commercial Sales

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Features

A-grade


A grade national business as the anchor tenancy, leasing over half of the total property.

Prime frontage


Approximately 24m of frontage to State Highway 7, presenting fantastic marketing opportunities.

Opportunity


When fully let has the potential for a combined total rental of $55,000 + GST per annum.

Occupancy


The vendor is willing to provide a rental guarantee for 1 year for $25,000 + GST for the vacant premises.

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

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