For the educated investor
348, Manchester Street, City Centre, Christchurch City
Price On Application
- Proposed Usage
- Floor Area
- 1205.00 m²
- Property ID
(unless sold prior)
4pm, Thurs 6 Dec 2018
- New eight year lease to Te Wananga o Aotearoa
- Yearly CPI rent increase plus market reviews three yearly
- Net lease with all property outgoings paid by the Tenant
- Extensively refurbished and strengthened building (90% NBS)
Te Wananga o Aotearoa are New Zealand's second biggest tertiary provider with over 100 delivery sites catering for approximately 35,000 students. The new Christchurch campus has been built to accommodate up to 2,500 students and was the chosen site for its good accessibility and proximity to the CBD, good parking, nearby facilities and public transport. Affordability was also important to the Wananga with the current rental agreed at today's market conditions.
This investment opportunity is truly outstanding and will pass any valuation assessment. Quality national education provider as tenant, rental set at today's market rates, CPI annual rent increases, market rent reviews every three years......a superbly well-presented property on the fringes of Christchurch's CBD.
Contact the agent today to arrange a viewing. *For more information, copy and paste www.propertyfiles.co.nz/property/558701 into your address bar.