August 2 2007

The Perfect Investment ?

A Christchurch property going to auction this month apparently has everything investors ask for.

Craig Edwards of Simes says the unit on the corner of Parkhouse and Michelle Roads in Sockburn is the perfect investment, if past requests are anything to go by.

“If I made a list of the things investors ask me for, this property would get a tick in every box,” he says.

“It occupies a high profile corner, is in a great location, is modern (less than a year old) and low maintenance (tilt slab concrete with zincalume roof). It has a long term lease with four years to run, an upside in the rent, plenty of car parks, heavy vehicle access and is priced under $1million.

“People say the perfect investment doesn’t exist, but here it is,” says Craig Edwards. The showroom, warehouse and office building will be auctioned on August 15.

ENDS