CBRE is pleased to present 484 Tuam Street, Phillipstown for sale.
Positioned on Christchurch’s CBD fringe, this compelling entry-level investment is set on a freehold 682sqm* site and comprises two standalone tenancies, fully leased to provide immediate income and split-risk security.
This rare offering combines both residential charm and industrial functionality, appealing to investors seeking a diversified income stream in a well-established location.
The character residential dwelling features four bedrooms, generous living areas, and full amenities. Recently leased on a 12-month term, it provides a steady return of $26,000 per annum.
To the rear, the warehouse tenancy is occupied by Fix All Automotive, returning $43,000 per annum + GST and outgoings, delivering a strong industrial income component.
Key Features:
-Dual-income, fully tenanted investment
-Split risk across residential and industrial tenancies
-Returning $69,000 per annum
-67% NBS (vendor-supplied report)
-682sqm* freehold site
-341sqm* industrial building
*Approx.
Opportunities to secure affordable, diversified investments of this nature are scarce in today’s market.
For sale via Deadline Private Treaty closing Thursday 18 June at 4pm (unless sold prior).
Contact the sole agents Jeremy Brown (027 506 0430) or Paul Brown (021 386 069) for further information and to schedule an inspection.
