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Commercial Property Investment/s

114 Beach Road, Kaikoura, Kaikoura

Property Overview:

• Government tenant in occupation for 17 years / 30 year lease for nationwide company

• Two lot subdivision approved / Services completed

• Low risk mixed tenancy/ Current combined net income $165,000 pa plus GST and OPEX.

Features:

1/ SHW 1 with 19.7m of road frontage - Liquid Laundromat - returning 6.76% pa, with a 30 year lease

2/ Upstairs 2 bed apartment (100 sqm +) sea and mountain views, consistently let since 2008

3/ Downstairs 4 unit accommodation with all mod cons fully furnished returning $52k per annum plus costs

4/ Rear property Ministry of Primary Industries, refurbished offices and separate entrance - returning 5.33% pa.

5/ Commercial dive pool (under construction)

6/ Property Manager available at competitive rates

7/ Terms available (potential for late settlement)

This is a great opportunity to secure one or two multi tenanted properties with an significant upside, with Kaikoura’s one and only dive pool being constructed, increasing the yield.
114 Beach Road, Kaikoura, Kaikoura
Price on Application
Development 
1,437 sqm approx.
420 sqm approx.  
Listing ID 049981S
Savills Christchurch

For Sale

Price on Application

Rob Gibson

Rural & Commercial Sales
Licensed under the REAA 2008

Savills Christchurch

Anthony Harper Tower Level 4/62
Worcester Boulevard
Christchurch, 8011
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