Position your portfolio for generational wealth with this rock-solid commercial asset at 448 Colombo Street, Sydenham. Combining high-profile visibility, an exceptional tenant covenant, and an extraordinary 20.54 year Weighted Average Lease Term (WALT), this property offers unmatched security in a thriving location. This is a true "set-and-forget" asset engineered for the risk-averse investor seeking ultimate peace of mind.
The property is leased to a motel operating as Colombo Lodge and also a popular Japanese restaurant and bar with a strong following, Morimori.
Current total income is $145,440 + OPEX & GST.
Why This Asset Inspires Complete Confidence
• Income Security: The incredible 20.54-year WALT provides an institutional-grade lease profile that is virtually unmatched in today's market, locking in your income stream for decades.
• Secure Tenant Covenant: Fully leased to a proven accommodation sector operator, ensuring dependable rental distribution, tenant maintenance responsibilities and minimal management hassle.
• Value is Underpinned by High-Profile Location: Command a prominent position on Colombo Street, the primary arterial route through Sydenham, ensuring enduring land value and constant corporate exposure.
• Built-In Inflation Protection: Favourable lease terms feature structured rent reviews providing a mix of CPI and Market Reviews.
• Passive Structure: A clean net-lease structure means the tenant handles day-to-day operational complexities, providing an income that is as passive as possible.
• Opportunities with this level of stability, lease longevity, and prime geographic positioning are incredibly rare and don't knock twice. Whether you are looking to diversify, or secure a generational family trust asset, 448 Colombo Street offers the ultimate financial sanctuary.
• Modern post EQ construction.
Register your interest early.
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https://www.propertyfiles.co.nz/property/L43395417
For further information or to arrange a private inspection, contact the sole agents:
Paul Middleditch | 027 276 7047 | [email protected]
Jessica Xue | 021 192 0098 | [email protected]
