Tenanted industrial property with growth potential

50 - 54, Leeds Street, Phillipstown, Christchurch City

By Negotiation

Proposed Usage
Industrial
Floor Area
1625.70 m²
Land Area
2155.00 m²
Description:
Property ID
1c4zc3b

Tenanted industrial property with growth potential

Long standing tenants don't get much better than window manufacturing business Altherm who have occupied this site in Central Christchurch since at least the early 1980s. Having expanded to occupy three adjoining titles, the longevity of the business in this location is a testament to the functional performance and adaptability of these buildings and the success of this strategic central location.

Being an older property on three titles his property has plenty of potential to add long term value through enhancements to the buildings or potentially breaking up the various titles, the choice is yours.

Land Area - 2,155sqm more or less
Building Area - 1,626sqm more or lease
Car parks - 13 on site
Tenant - Altherm Aluminium Canterbury 1984 Ltd
Net Rental - $147,392pa + operating expenses + GST
Next Rent Review - 1st February 2021
Next Renewal - 1st February 2023
Zone - Industrial General

For further information about the property sign into Property Files and visit http://www.propertyfiles.co.nz/property/251000002


Please call the sole agents, Craig Edwards and Greg Mann for more information or to arrange an inspection.

Enquire about this property

Phillipstown Area