Savills is pleased to present 17 Disraeli Street, Sydenham, a versatile freehold industrial property combining vacant possession with $62,000 per annum net income underwritten by the vendor. Located in one of Christchurch’s most tightly held city-fringe industrial precincts, the property comprises approximately 541sqm of freehold land with approximately 450sqm of industrial improvements.
The building provides a functional mix of warehouse, office, secondary and mezzanine accommodation, together with six onsite car parks. The office accommodation has been modernised, while the warehouse provides a practical configuration suited to a wide range of industrial, trade and service businesses.
Key features include:
- $62,000 p.a. net income underwritten by the vendor
- 541sqm land (approx.)
- 450sqm total building
- Vacant possession
- 292.02sqm* warehouse
- 88.70sqm* office
- 54.68sqm* secondary accommodation
- 32.06sqm* mezzanine
- Six on-site car parks
- Refurbished and modernised office accommodation
- Ideal for investors and owner-occupiers
The property’s vacant status provides purchasers with the flexibility to determine their own occupation or leasing strategy, while the vendor’s $62,000 net income underwriting provides immediate income support. For investors, this creates an opportunity to secure income from settlement while leasing the premises and establishing a new tenancy on appropriate market terms. For owner-occupiers, the property provides a rare opportunity to secure a standalone freehold industrial base close to the CBD.
The property comprises approximately 292.02sqm of warehouse, 88.70sqm of office, 54.68sqm of secondary space and 32.06sqm of mezzanine, with six car parks. With industrial property increasingly difficult to secure close to central Christchurch, 17 Disraeli Street offers income, flexibility and future upside in a proven city fringe location.
Contact the Savills sole agents today Kyle Aubrey (027 225 3532) or Martin Hebler (022 093 4656).
*Approx.
