Burnside, Christchurch City

Dual income stream from two established tenancies with significant upsideProven leasing history with functional layout13 on-site car parksLandlord can provide a 12-month leaseback to investorsReturning approximately $58,496.50pa + OPEX + GST. Positioned in the established Burnside commercial precinct, 32C Sheffield Crescent presents a compelling passive investment, underpinned by two tenancies and immediate rental income.Comprising approximately 554.34sqm across two levels, the property is partially tenanted, with two tenants occupying the ground floor, one of which has just signed a fresh three year lease.This multi-tenancy property provides income diversification, while the first floor vacancy presents an immediate opportunity to occupy or add value through leasing.The Landlord can provide a 12-month leaseback from settlement for the vacant first floor, offering immediate holding income for investors.Located in close proximity to Christchurch Airport and well connected to key arterial routes, the property continues to attract consistent tenant demand, reinforcing its ongoing investment appeal.Offering secure holding income in a tightly held commercial location, this is a lowmaintenance asset well suited to investors seeking stability with future upside.For more information: https://www.propertyfiles.co.nz/5530362