RWC Christchurch

RWC - Raine Blackadder Ltd MREINZ specialises in the selling of commercial, industrial, and investment properties. Based in Christchurch, we focus on the greater Canterbury and South Island area, but regularly work with properties throughout New Zealand and buyers from around the globe. Being a specialist commercial, industrial sales and leasing team, we are particularly proud of our success.

We believe that this has been achieved through our enthusiasm, innovative team approach to marketing and commitment to the Ray White tradition of excellent client service.

Real Estate Agents

RWC Christchurch
RWC Christchurch
76 Hereford Street
Christchurch Central
Christchurch 8011
Listing #:
CCM30909
Listed:
430 days ago

Offers over $600,000 + GST (if any)

Investment - Fully Leased, 3 Income Streams

Culverden, Culverden
Retail
floorarea
444m2 Floor Area
landarea
882m2 Land Area
About this property
Well located in the heart of Culverden township fronting the main road (SH 7), right beside the popular Red Post Cafe and opposite the legendary Culverden Tearooms, public car park and amenities, so is in an ideal position for when travellers take a comfort stop.

This unique building is full of character as it was originally the hall/theatre which has been converted into 3 tenancy areas (2 commercial and 1 residential) providing you with 3 rental income streams for excellent spread of risk. The commercial part returns $30,680pa + GST + outgoings and the 2 bedroom residential flat at the rear, returns $15,600pa, producing a total return of $46,280pa.

Culverden is just 1 hour and 15 minutes* north of Christchurch.

This high profile location fronting State Highway 7 caters to those travelling between Christchurch, Hanmer, Nelson or the West Coast (Avg 3,900* vehicles/day) as well as the many locals from the surrounding Districts.

Good seismic rating of 69% NBS.
(* approx.)

Call sole agent Paula Raine on 027 221 4997 for an Information Pack and to arrange a viewing.

Sale: Offers over $600,000 + GST (if any)
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