We are pleased to present an outstanding commercial investment offering in the heart of Beckenham. Occupied by Aspiring Law, this well-maintained property has been the pride of the previous owner occupiers, Cashmere Law, for over a decade before transitioning to its current tenancy in late 2023. With a secure six-year lease established in October 2023 and approximately five years remaining on the initial term, this is a sound opportunity for discerning investors seeking an entry level commercial alternative.
What sets this property apart is its unique blend of commercial and residential use. The character villa features a 104 sq m net lettable area (NLA) office space, seamlessly combined with a charming 62 sq m one-bedroom apartment at the rear. The apartment, with its separate access, opens out to a beautifully manicured garden, offering a private retreat from the bustling street. Adding further appeal, the property boasts an appealing brick driveway and a double garage adjacent to the residence.
The property sits on a prime parcel of 689 sq m of RMD zoned freehold land in the highly desirable Beckenham neighbourhood. The high-profile location on Colombo Street ensures exceptional visibility and accessibility, making it an attractive prospect for tenants and owners alike.
This is an exceptional opportunity to secure a desirable investment in a sought-after Christchurch location.
Don’t miss out on this rare proposition that combines charm, functionality, and long-term security.
For sale by Auction 10am, Thursday 10 October 2024 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011
*Boundary lines are indicative only.
Features:
* Land area 689 sq m
* Good onsite car parking
* Fully tenanted investment
* Established legal practice
* Net annual income $52,927 + GST and OPEX
* Combined investment with residence
* Six year lease from October 2023
* Considerable frontage to busy Colombo Street
* Zoned Residential Medium Density Zone (RMD)
