Offered to the market for the first time this exceptional freehold industrial property presents a rare opportunity to secure a high-performing investment in one of Christchurch’s most sought-after industrial precincts.
Fully leased to a long-standing and well-established tenant, the property delivers a strong net income of $155,120pa + gst & opex, with a renewed lease term secured through to 31 October 2029. Combining dependable cashflow with a strategic location, this is an asset designed to appeal to discerning investors.
Positioned just off Annex Road in central Middleton, just five kilometres from Christchurch CBD, the property enjoys excellent connectivity to the Southern Motorway, Wigram and key transport routes.
• Returning $155,120pa + gst & outgoings
• 1,531sqm freehold landholding
• Approximately 974.6sqm of lettable floor area
• Long-term tenant with proven occupancy history
• Strengthened to circa 67% NBS
• Generous onsite parking with 17 car parks
Quality industrial investments with secure income streams and strong tenant covenants are tightly held and seldom available. This is an opportunity to acquire a proven performer in a location that continues to attract occupier and investor demand alike.
Contact the sole agents today for further information or to arrange an inspection.
https://www.propertyfiles.co.nz/property/5531942
