This post-earthquake, tenanted investment is located in a small, high profile, tightly held commercial centre. The Kidds Bakery brand is synonymous with quality baking and this location, and attracts both destination and drive-by customers travelling on the northern motorway extension and Innes Road.<br><br>This deal is available at this exclusive price due to a failed finance condition on a previous agreement resulting in a opportunity for the swift investor. <br><br>Three tenants underpin this investment with the anchor tenant well established in the Christchurch market with both wholesale and retail offerings. A high traffic count and controlled intersection means the building is front and centre for today and tomorrow's growing number of commuters. <span style="color:rgb(51, 51, 51);">Investors seeking a multi tenanted post-earthquake investment property must consider 250-254 Cranford Street to enhance their portfolio.</span><br><br><span style="color:rgb(51, 51, 51);">The property comprises a two-level building with a bakery on the 1st floor and the bakery’s café and retail outlet on the ground floor along with a separate retail tenancy with a hairdresser on the ground floor. A billboard makes up the third tenant.</span><br><span style="color:rgb(51, 51, 51);">The largest floor area relates to the bakery over 2 levels with the hairdresser in the eastern end of the building. The billboard fronts onto Innes Road and north bound Cranford Street traffic.</span><br><br><span style="color:rgb(51, 51, 51);"><b>Bakery Tenancy:</b></span><span style="color:rgb(51, 51, 51);"> </span><br><span style="color:rgb(51, 51, 51);font-weight:normal;"><i>Ground floor</i></span><span style="color:rgb(51, 51, 51);font-weight:normal;"> - Comprises the full café with customer amenities and over-the-counter food retail along with a prep area, cool room, freezer and staff amenities. A double entry lift provides personnel and goods access to the first floor.</span><br><span style="color:rgb(51, 51, 51);"><i>First Floor</i></span><span style="color:rgb(51, 51, 51);"> – A bakery fitout with large open plan preparation area, freezer, cooler, dry store, prover room, offices, staff room and male and female change rooms.</span><br><br><span style="color:rgb(51, 51, 51);"><b>Retail Tenancy</b></span><span style="color:rgb(51, 51, 51);"> - Rear tenancy facing the car parks is a separate self-contained retail tenancy with power metre and amenities. This is currently occupied by a hairdresser. Fitout is tenant owned.</span><br><br><span style="color:rgb(51, 51, 51);"><b>Billboard</b></span><span style="color:rgb(51, 51, 51);"> - A 5 metre x 3 metre digital billboard is situated on the south east corner. Billboard improvements are tenant owned.</span><br><br><span style="color:rgb(51, 51, 51);"><b>Construction:</b></span><br><span style="color:rgb(51, 51, 51);">Concrete foundation and floors on both levels, concrete panel walls with natural stone and cedar batons for exterior cladding. Kingspan KS1000 insulated colour steel roofing panel and 100mm Kingspan KS1100CS Coolstore Panels.</span><br><span style="color:rgb(51, 51, 51);">Internal Fixtures &amp; Fittings - Internal wall and ceiling lining are generally plaster board . Lighting varies throughout. Wall and ceiling linings into the bakery areas are insulated throughout.</span><br><br><span style="color:rgb(51, 51, 51);">The building was constructed in 2014 to the New Building Standard at the time. No seismic assessments have been completed subsequently. We have assumed the building to be 100% of the New Building Standard (NBS).</span>