An Investment that Ticks the Boxes

31, Bishopdale Court, Bishopdale, Christchurch City

Auction

Proposed Usage
Retail
Description:
Property ID
1bz79h0

Auction
(unless sold prior)
12pm, Fri 8 Sep 2017

- 309sqm building on 278sqm freehold land
- Six year lease to Paper Tree plus renewals
- Tenant holds a NZ Post and Kiwibank services contract
- Major refurbishment was completed in 2016

Situated in a prime position within the Bishopdale Mall the tenant, Paper Tree, apart from providing postal and Kiwibank services and the provision of 534 PO Boxes, is a well-established Christchurch business known nationally for their quality low priced art supplies, books and giftware. Tenancy generates a net rental of $62,000 per annum. This is an excellent long term investment property.

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Bishopdale Area