Leased Investment + House on Business Zoned Land

Property ID 1845415

Investment - 3 properties leased to a preschool plus a neighboring house all on Business 1 (Selwyn) zoned land fronting Rolleston Drive, being the main road into Rolleston township. Strategically located in the heart of Rolleston next to Countdown and Rolleston Square Shopping Centre. Numbers 58, 60 & 62 Rolleston Drive are leased to Selwyn Kids Preschool which has just renewed for another 3 years from 1st March 2018 (plus 6 further rights of renewals of 3 years each) returning $117,152.17pa* partial net + GST. Number 64 Rolleston Drive is rented as a periodic residential tenancy returning $490 per week. However, the tenant has given notice to vacate on the 29th March 2018. A fantastic opportunity to obtain 4 neighbouring titles providing a large combined land holding of 3,260m2 of Business Zoned land. Buy one or both. (* approx.)

Call sole agent Paula Raine 027 221 4997 for further information.

Deadline Sale closing 4pm Wednesday 28th March 2018 in the office of Ray White Commercial, 5 Washington Way, Christchurch (unless sold prior)