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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.
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

Property Location

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