Colliers, as the exclusive marketing agent, is delighted to present 35 Seymour Street, Hornby—an outstanding long-term investment opportunity in a thriving and well-connected location.
This premium offering comprises seven newly built residential units, each designed with modern architecture and constructed with low-maintenance, permanent materials to ensure longevity and ease of upkeep. The development also features high-quality fixtures and appliances, enhancing both aesthetic appeal and functionality.
A 5 year lease was signed in October 2024 with a local community housing trust, providing investors with a stable and reliable income stream. Additionally, the lease includes two rights of renewal for a further 5 years each taking it through to an expiry of 2039. The purchaser will benefit from a 3% annual rental increase with minimal landlord outgoings (council rates only).
Situated within 1km of The Hub Hornby, one of Christchurch's key retail and commercial hubs, 35 Seymour Street is strategically positioned for convenience and accessibility.
Nearby amenities also include, Dress Mart Outlet centre, Denton Park, Mitre 10 Mega & other major retailers.
With a combination of modern construction, secure tenancy, rental growth and a central Hornby location, 35 Seymour Street presents a rare and highly attractive investment opportunity.
The property is offered for sale by Deadline Private Treaty closing 4pm, Wednesday 14 May 2025 (unless sold prior).
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*Boundary lines are indicative only.
Features:
* Brand new multi-unit development
* 2 x 3 Bedroom units & 5 x 2 bedroom units
* Low maintenance, permanent materials
* Significant & immediate cashflow
* Annual 3% rental growth
* Net annual rental $250,000 + GST from October 3 2024 (inclusive of council rates)
* Long term lease to community housing provider
* Excellent surrounding amenities, including Hub Hornby
* 6 x Freehold titles
* Quality fixtures & materials
* Insured
