• Expansive 11.19ha (more or less) site
• Holding income in place from national brand tenant
• Development potential
• Rural Urban Fringe zoning
On offer is a unique opportunity to acquire an expansive 11.19hectares of rural urban fringe zoned land with passive income.
This picturesque property is boarded by the Styx River with established Willow trees providing tranquility and privacy on three sides of the property.
The property further benefits from a lease to NZME Radio providing income of $76,250 plus GST on a five year term with further rights of renewal.
The radio antenna occupies a small portion of the property providing opportunity for improvements to be added to the property.
For sale by Deadline Private Treaty (unless sold prior) closing at 4pm on Thursday 5 December 2024 at Bayleys, 3 Deans Avenue, Addington, Christchurch.
For further information, please refer to https://www.propertyfiles.co.nz/property/5525473 or contact the sole agents today.
