Iconic building, high profile location, happily tenanted by Harcourts for over 35 years.
Key Investment Points - 8 year lease from 1 April 2018 - $145,000 (plus GST) p.a. lease - Renewals: 1 x 6 years - Rent Reviews: Market rent reviews every 2 years - 3 x Titles - 1497m2 (more or less)
The Harcourts Grenadier Beckenham branch has enjoyed many years of success from this landmark building. Previous uses have included a corner dairy, T.A.B., fruit & vegetable store and the restored villa was previously a private residence.
Beckenham is a leafy residential suburb at the foot of the Cashmere and Port Hills and a short distance from the CBD. It is anchored by a commercial and retail precinct based around the intersections of Colombo and Tennyson Streets and also Colombo and Strickland Streets. 124-130 Colombo St is well situated for maximum profile on the southern corner of Colombo and Tennyson St and has excellent off - street car parking with access off Tennyson St and exit onto Colombo St.
Investors should take confidence from a strong lease in place with a long-term tenant (Harcourts Grenadier) who has enjoyed a great deal of success operating from this prime corner location.
To download further information such as the LIM, Titles, Auction Contract and various reports, please copy the following link into your browser. You will be required to supply some contact details to recieve an email from Property Files with access to this information. http://www.propertyfiles.co.nz/property/CIC49787
For further information or to arrange a time to inspect the property, please contact Paul Middleditch (027 276 7047) or Debbie Johnson (021 051 5225).
Thursday 6 Jun 12:00 p.m. (Harcourts Grenadier Auction room)