Savills presents for sale 70 Mansell Street a well-located industrial investment in the high-demand Woolston precinct. Strong tenant covenant, sound building, and secure returns make this an opportunity not to be missed.
This site is on a high-profile corner site near the Tannery High-profile, with excellent access to Ferry Road, Brougham Street, and the Lyttelton Tunnel. A proven industrial hub with strong occupier demand and great local amenities.
Key Highlights:
- Freehold
- 1,260sqm land
- 350sqm approx Warehouse
- 110sqm approx Office split over 2 floors
- Reliable tenant – PortaCabins, Christchurch
- Net rental $65,453 + OPEX ($16,538) + GST
- Lease term to 1 March 2026 + renewals to final expiry 2035
- Market rent reviews every 2 years from 2027, to expiry
- 85% NBS seismic rating for the warehouse (the office is 100% NBS)
- Solid tilt-slab construction with office extension
- Passive, hands-off investment with income security
For the property files please follow: https://www.propertyfiles.co.nz/property/Rare%20Industrial%20Offering
For more information contact the sole agents Kyle Aubrey 027 225 3532 or Joel Everson 022 199 0300.
* Boundary lines are indicative only
* All measurements are approximate
