Long Term Tenants - Excellent Return

Burnside, Christchurch City

Expressions Of Interest

Proposed Usage
Office
Floor Area
2768.00 m²
Land Area
5810.00 m²
Description:
Property ID
1c5tmtf

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)

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Burnside Area