Retail Investments with Value Add Opportunities in ‘Hot Demand”Monday, September 18th, 2017
GrayJohnson has recently sold a high profile retail investment in Ashburton on a low yield of 2.4%.
209 High Street, Ashburton is positioned in a prime and vibrant commercial strip. The lease particulars are:
Term: 3 + 3 + 3 years
Rental: $84,346 pa Net
Rental Reviews: Fixed reviews
Our campaign generated strong demand from value add investors.
At the auction 5 parties competed to purchase the property. It ultimately sold for $3.5 million to a local Investor.
For further details, please contact Brett Simpson, Kevin Sheehan or Matt Hoath.