As is, Where is - Insured - Significant Cashflow

30, Waterman Place, Ferrymead, Christchurch City

Auction

Proposed Usage
Industrial
Floor Area
1647.00 m²
Land Area
3677.00 m²
Description:
Property ID
1c3m121



Colliers International, as sole marketing agent is proud to present to the market this tidy commercial self-storage investment comprising a total of 53 units varying in size. The units are currently under management with well established Allstor Self Storage, Christchurch.

The property's key investment highlights includes a strong ongoing cashflow, low vacancy rates, and potential upside in the rent roll. The units are situated on a large freehold land holding of 3,677m² located in the established suburb of Ferrymead. They service the surrounding seaside residential suburbs of Sumner, Redcliffs, Ferrymead, Mt Pleasant and Heathcote as well as the many businesses in the area. These key factors, combined with recent improvements completed by the vendor provide you with an unrivalled investment opportunity.

The property is to be sold via Auction on the 29 November at 10am on an 'As is, where is' basis. However, it is important to note that the units are fully insured and covered for material damages. Insurance details available on request. The property no longer aligns with the vendor's future direction and, therefore, they are motivated to see a result come auction day.

Don't miss your opportunity to secure this investment, call the agents now for all due diligence information!

 

Enquire about this property

Ferrymead Area