185 Shaw Avenue, New Brighton, Christchurch Fully Tenanted Investment Gem with Upside

Available PropertyFiles:

  • 00. Auction Pack.pdf
  • 01. Information Memorandum.pdf
  • 02. Title.pdf
  • 03. LIM Report.pdf
  • 04. Council Property Files.zip
  • 05. 185A Shaw Avenue - Lease Agreement.pdf
  • 06. 185 Shaw Avenue - Right of Renewal & Lease Agreement.pdf
  • 07. 185B Shaw Avenue - Lease Agreement.pdf
  • 08. 185C Shaw Avenue - Tenancy Agreement.pdf
  • 09. Supplementary Tenancy Information & Arrangements.pdf
  • 10. Engineering Report.pdf
  • 11. Insurance.pdf
  • 12. Insurance Valuation.pdf

Property Description

NAI Harcourts is pleased to present 185 Shaw Avenue to the market.

Comprising of a block of three single-storey shops fronting onto the main road and an over-sized two-bedroom residential house in the rear, 185 Shaw Avenue offers astute investors a desirable opportunity to add to your existing portfolio, that is equally worthy as an entry level first-time investment.

Features:
• Large 703 sqm Freehold Title
• Fastidiously maintained
• Spread of risk with 3 x commercial and 1 x residential tenancies
• Income stream of over $65,000 pa + Operating Expenses + GST, with upside
• 100% NBS
• Local Central Zone

You can be assured of long-term tenures. Upon being advised that the property is going onto the market, all three well-established commercial tenants (a Chinese takeaway/food bar, a nail & beauty salon and an Asian small goods manufacture) as well as the residential tenant immediately signed up new leases or took up their Right of Renewal.

First time offered since 2009. 185 Shaw Avenue has served the current owners well but are now highly motivated to sell. They recognise the time has come for a new direction and want to see a sold sticker.

Call Harry Lim (021) 402 242 to register your interest and/or to arrange viewing.

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Terms of Supply

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1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
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3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Harry Lim

NAI Harcourts Grenadier

Grenadier Real Estate Ltd. Licensed REAA 2008

021 402 242   021 402 242   harry.lim@naiharcourts.co.nz   All Listings

Harry’s professionalism, enthusiasm and positive attitude sets him apart. He is known for his passionate, yet hands-on and practical approach to meeting the high standards that he sets for himself.

As a member of the NAI Harcourts team, Harry’s vast experience and knowledge accumulated from over 20 years in working in the corporate sector, as well as owning and managing his successful private businesses and property investments, will be put to good use for you.

Harry’s approach to servicing your needs is simple – find out what you want and what you expect, and then work with you to achieve it. You can count on him going the extra distance to deliver the right results for you.

Harry is also the Team Leader of the Asian Commercial and Business Brokers Unit.