123 Seaview Road / 74 Beresford Street,
Investment Income - Future Development Potential
Opportunity by the sea in this zone which is ripe for redevelopment. Currently zoned "commercial mixed use" with both 123 Seaview Road and 74 Beresford Street being sold together. Two large land holdings of 812 sqm each (1624sqm total) with buildings, which have been upgraded with RPC Construction after the Earthquake.
Operating as a car yard, workshop and office spaces for the past 44 years with the same tenant the current lease has a further 4 years to run with rights of renewal. The leases are based on a recent valuation by Valuation Partners.
The long-term use is up to your imagination, giving you the opportunity to secure with a good return (approx. 6.75%) while making plans for the future use.
Deadline Sale: All offer presented 26th September 2019 at 4pm (unless sold prior).
Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN, CERA and other organisations. Four Seasons Realty 2017 Ltd is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability.