• Leased to long-term incumbent tenant
• $439,433 per annum + GST (gross lease)
• Floor area 1,227.7sqm, land area 744sqm, 11 car parks
• Seismic strengthening to above 67% NBS
• Recent refurbishment, new roof, new lift and fire system
This primely positioned property comes to the market after being held by the Vendor for well over two decades.
Leased to long-term incumbent tenant, there is a renewal option for four years on 13 May 2027 with final expiry 12 May 2031. The building provides outstanding refurbishment and reconfiguration options with the potential to add a total of 264sqm over levels 1, 2 and 3, 11 on-site car parks are a bonus in the area.
Sited on the banks of the Avon River, adjacent to Christchurch Hospital and surrounded by medical professionals, this property will always be in high demand. Long-term redevelopment options are also a consideration to take advantage of the allowable build height of 28m.
Simply a “unique property” with a solid investment future.
To assist purchasers with their assessment of the offering an online due diligence data room is available: propertyfiles.co.nz/5527097
