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Ferrymead, 2/950 Ferry Road

Affordable Tenanted Investment

Listing Number: CIC46392
About this listing
2/950 Ferry Road represents a fantastic prospect for entry level investors looking for their first step on the commercial property ladder, or indeed for experienced investors looking to widen their portfolio.

With an 8 year lease to a Fitness Centre (commenced September 2016), two further terms of 4 year renewals, and an income of $36,720pa, this is an opportunity to secure a stable income for the forseeable future. The Ground Floor unit is 147m², north facing, light & sunny, with a good mix of on and off street parking for visitors.

In a great location, with strong profile in the Ferrymead hub, passing traffic counts average around 20,000 vehicles per day and the area is easy access from surrounding suburbs including Sumner & Lytellton and the Northern and Southern arterial routes.

For more information on this opportunity, please follow the link below, or for viewing arrangements, please call the Listing Agent today.
http://www.propertyfiles.co.nz/property/121140001
Property Information
  • Tenure: Unit Title
  • Parking: Carparks: 4
  • Property Type: Retail, Tenanted Investment
  • Approx Floor Area
    • Retail Square Metres: 147
  • Legal details
    • Body corp fee $: 1000
  • Tenancy 1: Area Sqm: 147, Commencement Date: 2016-09-19T00:00:00.0000000, Expiry Date: 2024-09-18T00:00:00.0000000, Rental net/gross p.a.: $36720 + GST, Rights of Renewal: 2 x 4yr RoR, Tenant Name: 9 Round Fitness, Term (years): 8

Contact Details

Christchurch City Commercial

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Avenue
City
Christchurch

Property Location

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