Long Term Tenants - Excellent Return
Burnside, Christchurch City
Expressions Of Interest
- Proposed Usage
- Floor Area
- 2768.00 m²
- Land Area
- 5810.00 m²
- Property ID
This high profile investment in the busy Burnside Technology Park is well located close to the airport and main arterial routes.
This substantial building of 2,768m2* with a NBS of 70% is currently occupied by 3 long term tenants and is underpinned by a substantial land area of 5,810m2* with excellent car parking.
With a current passing rental of $462,830pa + GST and the potential for further upside by leasing a vacant area of 150m2*, there is great potential here.
The motivated Vendor will look at offers around the 8% range based on the current rental, providing an excellent return for investors. (*approx.)
Contact Andrew Wilson 027 778 8873 for more information and to arrange an appointment to view this property.
For Sale: By Negotiation + GST (if any)