Colliers are pleased to present this entry level freehold industrial investment to the market for genuine sale.
The property sits on a freehold section and is made up of a 310m² warehouse. The property has had a new roof, floor and all its structural upgrades completed. The building is clear span and the walls and floors have been painted. There is a 400 + m² yard with a wash down area and the site is fully fenced.
The property lies in Waltham surrounded by an abundance of amenities, close to all the key roading networks and a stone’s throw from the CBD.
The property is being sold with a new 5-year lease (with further rights of renewals) at $40,000 per annum + GST + OPEX to a local Christchurch Business. The lease agreement also has fixed 2% increases per annum. The property is being used for overflow storage. Entry level investments in this price point are hard to find. All investors should enquire today for additional information or to arrange an onsite inspection.
Call the sole agents today.
Further information can be found in the following link:
https://www.propertyfiles.co.nz/property/67015193
For sale by Auction: 10am, Thursday 1 July 2021 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
- Entry Level Investment
- New 5 year lease
- $40,000 + GST and OPEX PA
- Structural upgrades completed (greater than 67%NBS)
- Good yard space
- 310m² building
More information: https://www.colliers.co.nz/p-NZL67015193
