16 Beach Road, North New Brighton, Christchurch 8083, New Zealand
$1,400,000
20% Trade Component
NZ$1,120,000 (Cash) | NZ$280,000 (Trade)
Additional Information
 |
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
Vendor Details
Craig Richards
Phone : 021 042 1197
Email : shelleyshot@hotmail.com
If you have a general enquiry about 16 Beach Road, North New Brighton, Christchurch 8083, New Zealand, would like further information about this property or to arrange an inspection, please complete the form below:
