 Asset Class: | Retail |
 Price: | $ 832812 |
 Net Yield: | 8.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<span style="color:rgb(0, 7, 89);">This freehold property presents an excellent cash-flow, entry-level investment opportunity, with an 8-year lease and additional rights of renewal, ensuring stability and guaranteed rental growth.</span><br><br><span style="color:rgb(0, 7, 89);">The freehold title ensures long-term value and stability, with the building recently undergoing earthquake strengthening. Located in the heart of Addington a rapidly growing hub of residential and commercial activity. This property enjoys excellent transport links and close proximity to central Christchurch. Surrounded by established businesses, shops, and amenities, it benefits from high visibility and strong commercial appeal, making it a reliable investment in a sought-after area.</span><br><br><span style="color:rgb(0, 7, 89);">Portershed Café has been a beloved fixture of the Canterbury community since 2017, establishing itself as a specialty café and store with a dedicated customer base. The business has earned a stellar reputation for its high-quality offerings and welcoming atmosphere, attracting regular customers from across the region.</span><br><br><span style="color:rgb(0, 7, 89);">Opportunities of this nature, with long-term leases and at this price point, are rare.</span>
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Is this property strata titled?
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Is this property in a flood zone?
Is this lease a leaseback arrangement?
<p style=""><span style="color:rgb(0, 0, 0);">Christchurch, the largest hub in the South Island, offers a strong environment for investment and infrastructure development. Its role as a key contributor to the nation's GDP underscores its importance in the economy.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">The 2011 Christchurch earthquake rebuild modernized the city’s infrastructure, boosted the economy through significant investment, and created jobs, particularly in construction and urban development. It also led to improved building standards, revitalized urban spaces, and enhanced the city’s appeal for tourism, business, and community life.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Following a period of significant rebuilding and growth, Christchurch is well-positioned for continued development across residential, commercial, and industrial sectors. The city’s population is projected to grow steadily over the next 15 years, further driving demand for various types of developments.</span></p>
Additional Location Information File<p style="background-color:transparent;padding-left:0px;"><span style="color:rgb(0, 0, 0);background-color:transparent;padding-left:0px;"><b>ABOUT US</b></span></p><p style="background-color:transparent;padding-left:0px;"><br></p><p style="background-color:transparent;padding-left:0px;"><span style="background-color:transparent;padding-left:0px;">At Portershed Specialty Cafe & Store, we have a passion for sharing our love of food and life with everyone we meet. Since we first opened our doors in July 2017 we’ve been devoted to offering the highest-quality kiwiana style vegan deliciousness and making it accessible to all.</span></p><p style="background-color:transparent;padding-left:0px;"><span style="background-color:transparent;padding-left:0px;"></span></p><p style="background-color:transparent;padding-left:0px;"><span style="background-color:transparent;padding-left:0px;">We are a family owned and operated Vegan cafe. We offer a wide range of plant based groceries and some of the best coffee on the planet. We are a safe space where those with dairy or egg allergies, those whom eat Halal, Vegans & Vegetarians alike can shop and dine with peace of mind.</span></p><p style="background-color:transparent;padding-left:0px;"><span style=""> </span></p><p style="background-color:transparent;padding-left:0px;"><span style="background-color:transparent;padding-left:0px;">Thanks to our food-conscious consumers and amazing local vendors, with whom we’ve built such special relationships, Portershed has now built an online store and are able to serve you at your door. We look forward to being a part of and supporting the community for years to come. </span></p>
Initial Term:
Security:
Security Info:
<b>Portershed Cafe </b>
Additional Financial Information FileInitial Term:
Security:
Security Info:
TBA in DD
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High-yielding freehold investment</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">405 sqm title</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">8-year lease term</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net rental income of $66,625 + GST + OPEX</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Annual rental growth built into the lease</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Established tenant</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High-profile location</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Commercial core zoning</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Earthquake strengthened</span></p></li></ul>
