This exceptional industrial property is situated in the thriving suburb of Sydenham, Christchurch. Offering a strong return in a prime location. Both are national tenants with sites across New Zealand providing confidence for any incoming landlord, whilst the undeveloped portion of land adds a twist of development potential.
Aquatica - tenancy:
• Floor area of 969sqm (approx.)
• 12 car parks
• Rent of $131,228.00 pa + GST + OPEX
Stowers - tenancy:
• Floor area of 763sqm (approx.)
• 15 car parks
• Rent of $122,374.00 pa + GST + OPEX
Undeveloped land
• 685sqm (more or less)
• Rent of $14,000.00 pa (gross)
Totals:
• Total land area of 3,614sqm (more or less)
• Total floor area of 1,732sqm (approx.)
• Current passing rent of $253,602.00 pa (net) and $14,000.00 pa (gross). Full tenancy details are available on request.
Key features:
• Prime location - situated just minutes from Christchurch's CBD, with easy access to major arterial routes, perfect for businesses requiring both centrality and convenience.
• Zoning - Industrial General Zoned allowing industrial and commercial use, offering significant potential for a range of industries, including manufacturing, warehousing, and office spaces.
• Site size - ample land size with potential for further development.
• Buildings - the property includes two existing buildings rated at 73% NBS.
• Parking - plentiful on-site parking for staff and clients, a crucial asset in this busy area.
This property presents a fantastic opportunity for investors and/or developers looking to secure a strategic location in Christchurch's growing commercial landscape.
For further information or to arrange a viewing, contact the sole agents. Don't miss out on this rare opportunity to secure a premium site in Sydenham!
To assist purchasers with their assessment of the offering an online due diligence data room is available: propertyfiles.co.nz/5525459