Colliers is pleased to present 44 Welles Street, central Christchurch, to the market for sale.
This is a rare opportunity to purchase a fully restored and strengthened building located in one of the coolest locations in Christchurch. Positioned in SOUTH Town, Christchurch’s thriving eatery, boutique shopping and entertainment precinct. It’s also a short distance to the central retail precinct and other key Christchurch central anchor projects.
Leased to an established hospitality tenant, Campbell Fields & Co Limited T/A Welles Street are the sole occupant. The building was fully refurbished and strengthened in 2016/17 to 100% NBS and is fitted out to the highest of standards.
This is an opportunity for investors to secure an established investment with a long term lease in an exciting area of the Christchurch CBD.
Features:
- 12 year lease term
- Rights of renewal two (2) x five (5) years
- WALT 8.9 years
- High quality fitout
- Popular location
- Superbly refurbished building
- 100% NBS
- Proven tenant
- Highly desired CBD location
- Close proximity to the newly proposed stadium
- Neighbouring residential development
- Net rental $212,898 pa + GST + OPEX
More information: https://www.colliers.co.nz/p-NZL67013476
