RWC Christchurch
Real Estate Agents
- Listing #:
- CCM30909
- Listed:
- 398 days ago
Offers over $600,000 + GST (if any)
Investment - Fully Leased, 3 Income Streams
Culverden, CulverdenRetail
-
- 444m2 Floor Area
-
- 882m2 Land Area
About this property
Well located in the heart of Culverden township fronting the main road (SH 7), right beside the popular Red Post Cafe and opposite the legendary Culverden Tearooms, public car park and amenities, so is in an ideal position for when travellers take a comfort stop.This unique building is full of character as it was originally the hall/theatre which has been converted into 3 tenancy areas (2 commercial and 1 residential) providing you with 3 rental income streams for excellent spread of risk. The commercial part returns $30,680pa + GST + outgoings and the 2 bedroom residential flat at the rear, returns $15,600pa, producing a total return of $46,280pa.
Culverden is just 1 hour and 15 minutes* north of Christchurch.
This high profile location fronting State Highway 7 caters to those travelling between Christchurch, Hanmer, Nelson or the West Coast (Avg 3,900* vehicles/day) as well as the many locals from the surrounding Districts.
Good seismic rating of 69% NBS.
(* approx.)
Call sole agent Paula Raine on 027 221 4997 for an Information Pack and to arrange a viewing.
Sale: Offers over $600,000 + GST (if any)
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