1 Riccarton Rd, Riccarton
Christchurch City

ID#450051
Listed about 1 month ago
Agency Listing Number: 559741
Private Treaty Sale
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Property Details

Location:
Christchurch City
Canterbury Area

Building
Land
Built In
N/A N/A

Investment on Hagley

For Sale by Deadline Private Treaty

(unless sold prior)

4pm, Thursday 16th May 2019

• Two ground floor strata titles plus car park building

• Returning $365,446.48 net per annum

• Long term leases with potential options to increase income

• Prime location on the corner of Riccarton Road and Deans Avenue adjacent to Christchurch's iconic Hagley Park

With a prime location on the corner of Riccarton Road and Deans Avenue adjacent to Christchurch's iconic Hagley Park, 1 Riccarton Road holds fond memories for both Christchurch's young and old. The ground floor of the Parkview Hotel is now occupied by two established tenants in Monster Chicken (Unit 2) and Thai Chef (Unit 3), with both having access to a substantial 94 park car park building (Unit 4) located on the south west corner of the site.

Returning $365,466.48 net per annum with personal guarantees from each tenant, these strong leases provide confidence to those looking for a sound investment.

Confidence can also be found in the building itself, built in 2007, a 2013 DEE notes the building as being over 73% of the new building standard.

Contact Blair or Mitchell for further information, or copy and paste www.propertyfiles.co.nz/property/1RICCARTON into your address bar.

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Sales Consultants

Mitchell Wallace


Bayleys
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: +64 3 375 4700
Mobile: +64 27 664 4773
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http://www.bayleys.co.nz

Blair Young


Bayleys Whalan & Partners Ltd
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: 03 375 4700
Mobile: 0274 433 105
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021 109 2595
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