Colliers, as the exclusive marketing agent, is proud to present 211–213 Waltham Road, a recently upgraded multi-tenanted industrial investment situated in the highly sought-after Sydenham precinct.
This freehold property has been thoughtfully renovated and is fully leased, offering investors a low-maintenance asset with strong underlying fundamentals and secure income growth in one of Christchurch’s most rapidly developing industrial locations.
Comprising two well-presented industrial buildings on a 1,691sqm freehold site, the property delivers a net annual income of $188,381 + GST + outgoings, with structured annual rental increases in place. The leases provide investors with built-in income growth and reliable cash flow.
Recent upgrades include a complete refurbishment of the office space within one tenancy, complemented by high-quality warehouse space. The second tenancy features a practical mix of modern office and versatile warehouse areas.
The property lies in a popular Sydenham location and enjoys a high-profile position with significant daily traffic volumes, ensuring excellent exposure and long-term tenant appeal.
For sale - offers over $2,950,000 + GST
*Boundary lines are indicative only.
Features:
* Land area: 1,691sqm (Freehold Title)
* Total building area: 1,493sqm
* Current net income: $188,381 + GST + outgoings
* Tenancy 1 (Doggy): $72,000 + GST + outgoings — significantly under-rented, market appraisal approx. $91,000
* Tenancy 2 (Boutique Living): $116,381 + GST + outgoings — four-year lease from 1 July; recently fully refurbished
* Fixed annual rental increases provide consistent income growth
* Prime Sydenham location — close to major transport routes and the CBD
