15 Disraeli Street, Sydenham, Christchurch
Positioned in one of Christchurch’s most established city-fringe industrial precincts, 15 Disraeli Street presents a flexible industrial opportunity combining existing rental income, vacant accommodation and immediate value-add potential.
Set on approximately 950sqm of freehold Industrial General zoned land, the property provides approximately 742sqm of building improvements and is configured into two separate tenancy areas.
One component is occupied by Alpha-Zeta Engraving Limited, generating contract income of $20,825 p.a., while the larger vacant component is proposed to be underwritten by the vendor at $75,000 p.a., providing a total net holding income of $95,825 p.a. including the underwritten income.
The vacant accommodation comprises approximately 438.85sqm of warehouse, 87.17sqm of office, 18.06sqm of mezzanine and four car parks, providing immediate scope for an investor to secure a new tenant or an owner-occupier to establish themselves within the property while retaining income from the existing tenancy.
The existing Alpha-Zeta Engraving tenancy commenced on 1 March 2025 for an initial three-year term, with two further three-year rights of renewal and the next expiry on 1 March 2028.
The building has undergone seismic strengthening and is understood to achieve approximately 67% NBS.
Located only minutes from Christchurch CBD, with excellent access to Brougham Street, State Highway 76 and the Southern Motorway network, the property offers centrality, functionality and flexibility in a tightly held industrial location.
Key Features
- 950sqm (approx.) freehold Industrial General zoned land
- Approximately 742sqm of building improvements
- Part-tenanted industrial investment
- $20,825 p.a. existing contract income
- $75,000 p.a. proposed vendor-underwritten income on vacant component
- $95,825 p.a. total net holding income including underwritten income
- Significant vacant warehouse and office accommodation
- Approximately 67% NBS following seismic strengthening
- Minutes from Christchurch CBD and key arterial routes
- Ideal for investors, owner-occupiers and value-add purchasers
Income from day one, with the flexibility to create further value through occupation, leasing or future repositioning.
Contact the sole agents at Savills for further information or to arrange an inspection.
