- About this property
- Investment data
Investment - Fully Leased Long TermProperty ID CCM23219An investment well located within The Crossing, being a popular shopping centre, in Kaiapoi which includes tenants such as McDonalds, Westpac and Countdown supermarket. The property is advantaged by an expansive customer car parking area and dual frontage to Hilton Street and Kaiapoi's main street, Williams Street, providing excellent profile and exposure to passing traffic. The unit is ideal for its current use as a bar/restaurant having a building area of 387m2* plus a large outdoor courtyard area of 419m2* which captures the afternoon sun being great for alfresco dining or a nice relaxing beer after work. The property is fully leased to CBK (Craft Bar & Kitchen) being a popular craft beer & cider bar/restaurant (view Tenants website www.cbkrotorua.co.nz/kaiapoi ). A new long term lease is in place of 6 years from May 2016 (plus 4 further ROR's), rental returning $93,500pa + GST + outgoings. Kaiapoi has certainly been rejuvenated and upgraded since the quakes and is part of a rapidly growing district with 3 new sub-divisions providing a positive future for the area. (* approx.)
Call Letitia Stokes 027 485 8229 for further information.
Price for Sale: By Negotiation + GST (if any)
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.