The Public Trust Building is a trophy heritage asset that has been meticulously strengthened and refurbished.
Situated in a prime riverside position within the heart of Christchurch’s bustling CBD, this property boasts a prime location spanning 1,018 sqm of land.
The main building comprises a basement, four levels of office accommodation and a mezzanine level as well as a rooftop bar. To the rear is a three-level annex comprising multiple office tenancies.
The overall refurbishment was completed in circa 2020 to the highest quality. With multiple income streams spread across 13 tenancies, the underlying investment fundamentals are strong, with a mix of fixed rental increases an regular market reviews.
Larger occupiers include Commonwealth Safe Deposits on a 20 year lease, WT Partnership, Fulton Hogan and Mott Macdonald amongst others. Complementing the asset is the very successful and unique rooftop bar experience - Mr Brightside.
Enjoying a prime position and picturesque views, the property is of striking design and has an unmatched presence.
Within close proximity discover a wealth of amenities including cafés, bars, restaurants and retail offerings.
This is an unrepeatable investment opportunity situated in an iconic riverside position.
For Sale by Negotiation.
Boundary lines are indicative only.
Features:
* Trophy heritage asset
* Meticulous refurbishment
* Iconic rooftop bar
* Attractive tenancy mix
* Current net income circa $967,736 pa + GST and outgoings
* Prime riverside position
* Strong occupancy (96.81%)
