Educate Yourself - Investment with Opportunity
58, & 60 Waterloo Road, Hornby, Christchurch City
Price On Application
- Proposed Usage
- Floor Area
- 5421.00 m²
- Land Area
- 18596.00 m²
- Property ID
Enquire about this property
Colliers International are pleased to offer for sale this tenanted investment situated in one of the most sought after industrial locations in the city.
Situated on two freehold sections with a total of 1.8596 ha this impressive property is made up of conventional steel portal warehouses an office block and amenities. All improvements are on one of the two titles and the site has a current approximate site coverage of 29%. The buildings have a Seismic Rating of 67% NBS and have dual access onto both Waterloo and Buchanans Road.
The property is leased to The Southern Institute of Technology (SIT) who occupy the majority of the property. There is approximately 1,320m² of vacant land fronting Waterloo Road giving the new owner an opportunity to add further value. SIT is a government accredited tertiary provider of NZQA programmes at certificate, diploma, bachelor degree, postgraduate and masters level, with campuses in Invercargill, Queenstown, Christchurch, Gore and Auckland. SIT
This prime holding is situated within one of the highest growth and rapidly evolving industrial areas of Christchurch. The popular commercial/retail precinct in Hornby is located approximately 1.5km from 60 Waterloo Road and is home to the popular retail developments of The Hub Hornby Mall, Dress-Smart and Mitre 10 Mega Centre.
Call the sole agents for further information or to arrange an on-site inspection. For Sale by Deadline Private Treaty closing 4pm, Thursday 24 October 2019 (unless sold prior).