CBRE Christchurch

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Real Estate Services

CBRE Christchurch
Chengyang Zhang
Paul Brown
CBRE Christchurch
222 High Street
Christchurch Central
Christchurch 8011
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Listing #:
CCH100631
Listed:
32 days ago

Auction

Tue 22nd Oct 12:00am

Prime Investment Opportunity in Ferrymead

6/987 Ferry Road, Ferrymead, Canterbury
Offices
floorarea
292m2 Floor Area
About this property
CBRE is pleased to market Unit 6, 987 Ferry Road in Ferrymead for sale by auction on October 22 2024, at 11:00am (unless sold prior).

Unit 6 offers a fully leased investment opportunity with two tenants, generating a rental income of $102,000 per annum (+GST). The unit spans approximately 292sqm* and includes seven on-site car parks. Located on a prominent site with extensive frontage on Ferry Road, this property enjoys high visibility and significant foot traffic.

Ferrymead is a vibrant suburb southeast of Christchurch, known for its blend of residential, commercial, and recreational spaces. It serves as a main thoroughfare to the eastern sea suburbs such as Sumner, and provides excellent connectivity to the CBD. Post the 2011 Canterbury earthquake, Ferrymead has seen a surge in business relocations, transforming it into a secondary business hub. This growth has spurred the development of shops, cafes, and other amenities, making it an attractive location for both businesses and customers.

Investment Highlights:
· Prime location: High-profile site on Ferry Road, ensuring excellent visibility and foot traffic.
· Net Rental Income: $102,000 per annum plus GST.
· Two tenants to spread risk.
· Building size: Approximately 292 sqm.
· Car parks: Seven on-site car parks.
· Zoning: Commercial Core Zone (CC), allowing for a wide range of potential uses.
· Modern Construction: Built in 2018, offering low maintenance and modern amenities.

Sales Process:
This exceptional property will be sold by way of Auction on Tuesday, 22 October 2024 at 11:00am (unless sold prior).

All inspections and enquiries must be directed to the exclusive selling agents, and inspections are by appointment only.
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