Commercial investment opportunity
Originally built in 1899, this building has been extensively remodeled and was strengthened to 70% NBS of NZS4203 demand in 2008. Initial Seismic Assessment (ISA) completed in 2015 and available to prospective purchasers. Zoning for the property is CRPB Commercial - Retail - Provincial. The building is currently leased as a chemist shop and pharmacy dispensary. The current tenant has a 6 year lease with 4 x 6 year right of renewal, expiring in September 2048. Solid investment opportunity with great tenant, long term lease and providing an excellent return. Call Simon or Jo for more information and to arrange a viewing.