1/282 Madras Street Christchurch Central_0

1/282 Madras Street Christchurch Central_1

1/282 Madras Street Christchurch Central_2

1/282 Madras Street Christchurch Central_3

1/282 Madras Street Christchurch Central_4

1/282 Madras Street Christchurch Central_5

1/282 Madras Street Christchurch Central_6

1/282 Madras Street Christchurch Central_7

1/282 Madras Street Christchurch Central_8

1/282 Madras Street Christchurch Central_9

1/282 Madras Street Christchurch Central_10

1/282 Madras Street Christchurch Central_11

1/282 Madras Street Christchurch Central_12

1/282 Madras Street Christchurch Central_13

1/282 Madras Street Christchurch Central_14

1/282 Madras Street Christchurch Central_15

1/282 Madras Street Christchurch Central_16

1/282 Madras Street Christchurch Central_17

1/282 Madras Street Christchurch Central_18

1/282 Madras Street Christchurch Central_19

1/282 Madras Street Christchurch Central_20

1/282 Madras Street Christchurch Central_21

1/282 Madras Street Christchurch Central_22

1/282 Madras Street Christchurch Central_23

1/282 Madras Street Christchurch Central_24

1/282 Madras Street Christchurch Central_25

1/282 Madras Street Christchurch Central_26

1/282 Madras Street Christchurch Central_27

1/282 Madras Street Christchurch Central_28

+29

Pictures29

Floorplan

Map

Video & 3D tour

1/282 Madras Street, Christchurch Central, Christchurch City

Auction, 28 Nov 2024 11:00

126m²

Stronger Investment Returns

Why invest in a residential property, when you can spend less, enjoy more attractive returns and the security of a long-term tenant who also covers the operating expenses (among other benefits over residential), maximising returns for an investor.

The potential rental growth, post EQ construction, a tenant who has options to expand the hours of their operation makes this an investment opportunity you just can't walk past.

With the client base for the tenants' business, about to experience exponential growth from the burgeoning townhouse developments in the immediate neighbourhood and the pending opening of Te Kaha multi-purpose stadium in Q2, 2026, an exceptional opportunity exists to invest in this commercial unit which is leased to established café, 'Table At Monks' with renewal options through to 2036.

A short stroll to Te Kaha multi-purpose stadium, the central business area, Margaret Mahy and with new developments of urban neighborhoods on three opposite corners of Madras and Armagh , this location is ahead of the game.

• Rent = $38,000 + OPEX & GST

• Lease terms of 4 years each with final expiry being 31 May 2036

• Regular market rent reviews

• Post EQ construction = Built to 100% or greater of NBS at the time of construction

The owners have genuine reasons for selling and have made it clear that this property is to be sold on or before auction day, therefore, please register your interest early as we don't expect this to last

To access the detail and be kept informed of further information being made available please paste the link below into your browser, provide your details to receive an email from Property Files with the files to download.

https://www.propertyfiles.co.nz/property/846880004

Additional details

Type

Unit

Property ID

CIC62623

Listed on

03/11/2024

Updated

yesterday

Auction1

Thu, 28 Nov

11:00AM

Data

Property insights

OneRoof estimate

Interested in Christchurch City?

Find estimate

Market insights

Insights for all bedroom homes in Christchurch Central

Property type

All property types

Bedrooms

All

Time (yrs)

5 yrs

Home services

Mortgage Calculator

NEW

Fortnightly Repayments

Loan term

Total interest

Interest rate

Total cost

Press calculate to work out your mortgage repayments and how quickly you can pay off your loan.

Find out what you can afford Apply now

Disclaimer

Flooring

Total estimated cost is flooring

$7,287.15

This estimate is fully inclusive of carpet, underlay, accessories and installation but excludes travel and floor preparation, if required.

Book now for a personalised consult

Home Improvements Loan calculator

NEW

Solar Savings calculator

NEW

AMI House Insurance

NEW

On your side with these great benefits

Natural disaster cover for earthquakes, natural landslips, hydrothermal activity, tsunami, natural fires, & volcanic activity.

Temporary accommodation for you, your family, and your pets if you need to be evacuated from your home.

Get replacement keys and locks if yours get lost or stolen and pay no excess.

Access to AMI HomeHub, our first-class home repairer that brings together a team of experts to take care of your home claim repairs from start to finish.

Learn about these great benefits and more

*Exclusions and limitations apply. Talk to us about these or refer to the full policy document which can be found on our website.

Christchurch Central, Christchurch City

Christchurch Central is a suburb which lies within the Territorial Authority of Christchurch, one of 116 residential suburbs which form the wider region. Christchurch Central is the 8th largest suburb of Christchurch in terms of the total number of residential housing stock. Christchurch Central provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1990 - 1999. Residential housing stock in Christchurch Central is made up of approximately 94% residential housing and 6% residential investment housing properties.

Learn more