Ilam Real Estate

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Canterbury Area
Canterbury Area
proudly marketed by
Ray White Commercial
Leased Investment or Owner Occupy with Income
Contemporary ground floor office unit of 160m2* split into 2 separate tenancies. Formerly part of the Commerce Club, the site has been redeveloped and the existing building has been fully retrofitted by Cymon Allfrey Architects in 2015, to a complex of residential and commercial units. Well located in the Central City on a high profile corner site with good street frontage, just inside the 4 Avenues. Office '1' of 94m2* is well leased to a professional tenant to May 2024 (plus a further right of renewal) returning $20,360pa + GST + outgoings. Office '2' of 66m2* is currently vacant. This provides an ideal opportunity for an investor or for an owner-occupier, as a new owner could occupy the vacant office area and collect rent from the neighbouring tenancy to help pay the mortgage or alternately expand into it and utilise the whole unit at a later date. This unit is advantaged by having a total of 4 onsite car parks at the rear, glazing to 3 external walls providing good natural light and multiple access points. (* approx.) Call Sole Agent Paula Raine 027 221 4997 for further information. Sale: $725,000 + GST (if any)
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Upload by Geoff Shaw
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