PASSIVE + PUNCHY!

SOLD

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PASSIVE + PUNCHY!

352 Colombo Street, Sydenham

Frank Commercial is pleased to offer for sale a 260 sqm building on a corner site of 316 sqm with great profile in Christchurch.

Three income streams are guaranteed from purchase, thanks to a brand new 10-year lease on the highly desirable signage board, five years to run on the very popular, family-owned ‘Indian Pearl Restaurant’ on the ground floor, and a spacious three bedroom apartment tenanted on the top floor.

The latter could generate even more income were it to be separated into two separate apartments, which is a definite possibility thanks to its considerable size and layout. Already sporting the aforementioned three bedrooms along with a large bathroom-meets-laundry, there are two significant living areas including a kitchen, with just a few additions needed to easily make the change.

• Returning $62,040 net p.a.
• Three Solid Income Streams
• 67% NBS
• Large Catchment

At Frank we take a proactive approach with Tenants & Landlords, Buyers & Sellers, by understanding their needs and providing a range of suitable commercial property options.

We are a national agency providing prompt and personal service New Zealand wide. Our streamlined process means a better result for all parties involved.

With Frank, clients are better equipped to make an informed decision, streamlining the process for Landlords & Vendors.

We would enjoy the opportunity to work with you to find the property solution best suited for you.

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LinkedIn: nz.linkedin.com/company/frankcommercial