Bartercard Real Estate

16 Beach Road, Waimairi Beach, Christchurch 8083, New Zealand

$1,400,000
20% Trade Component
NZ$1,120,000 (Cash) | NZ$280,000 (Trade)

Additional Information


Pinterest

Fully Tenanted Commercial/Residential Investment

Great location opposite Broad Park and Waimairi Beach, at North New Brighton

This fully-tenanted investment offers stability and risk mitigation as it comprises a key commercial tenant, plus five residential tenancies. 

Property Features:

  • 'The Beach Cafe & Wine Bar' - a popular beachfront cafe 
  • Four, one-bedroom ensuite units with common area including lounge and kitchen - great for students or young professionals
  • A one-bedroom fully self-contained unit
  • Chattels include blinds, curtains and fixed floor coverings
  • Total floor area of approximately 556m²
  • Two fee simple titles comprising an area of approximately 1,508m²
  • Engineering Seismic Assessment of 95% NBS 

 

Tenancy Income:

  • Commercial Tenancy - $46,000/annum incl. GST + OPEX
  • Four one-bedroom with ensuite units $1,060/week = $55,120/annum
  • One one-bedroom self-contained unit $350/week = $18,200/annum
  • Total return $119,320/annum


For further information or to arrange to view, please call Shelley on 021 714 099 or email shelleyshot@hotmail.com

 

Legal Description

Fee Simple Titles as follows: CB478/186, Lot 4 DP 12267, 759m2; CB488/266, Lot 5 DP 12267, 749m2

Additional Information


Property Features

Not applicable

Property Information

Category
Residential
Property Type
Apartment
Land Size
1,508m2 m2
Building Size (External)
556m2 m2
Under Offer
No

Vendor Details

Craig Richards

Phone : 021 042 1197
Email : shelleyshot@hotmail.com

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