• Rare opportunity in the tightly held Sydenham locality
• Suitable for investors looking for upside and owner occupiers alike
• Returning $165,500pa (approximately) from the currently occupied space
• Proximity to Moorhouse Avenue and the Central Business District
Situated within a strategic location, with proximity to Moorhouse Avenue and the Christchurch CBD, the property ensures high visibility and accessibility, 105-109 Orbell Street presents a good blend of opportunities for both savvy investors aiming for growth and owner occupiers seeking strategic premises with the added benefit of existing income streams.
Offering an attractive annual income of approximately $165,000 per annum net benefitting from add value potential with possible future vacancies to enhance value or accommodate owner occupiers in future.
Advantaged by an approved resource consent which allows for mixed use commercial, retail and warehousing activities, the property boasts a substantial land footprint of 1,793sqm and a spacious floor area of 1,619sqm, which has recently been refurbished and strengthening works have brought the property to 100% NBS.
This is an opportunity not to be missed in a sort after location.