Investment considerations include:
+ High Street is a high-performance neighbourhood village retail strip, providing daily needs retail amenity to the affluent suburb of Ashburton.
+ Limited alternate competing retail amenity in the suburb.
+ The property is positioned in the prime position in the strip surrounded by daily needs retailers.
+ Abundant at-grade public car parking surrounding the strip including directly behind the property.
+ Irreplaceable freehold land of 222 sq m*
+ Two-storey building comprising ground floor retail shop plus first floor dwelling.
+ 6 metre* frontage to High Street with return frontage to large public car park.
+ Securely leased to successful premium daily needs grocery business “Top Shelf”.
+ Current rent $86,528 pa plus GST & outgoings.
+ High quality fit out completed by tenant.
+ Future value-add potential with surplus land at rear.
The property is offered for sale by Expressions of Interest closing 3rd December 2020 at 3pm.
* denotes approx.
For further information on this sale, contact the exclusive selling agents.