CBRE, as exclusive agent, is delighted to present the combined offering of 337 St Asaph Street, 316 Tuam Street and 182 Barbadoes Street, Christchurch, to the market for sale.
The offering presents a fantastic opportunity to acquire a post-earthquake development metres from Christchurch's Central City Stadium Precinct - soon to be developed.
This multi-tenanted investment is anchored by blue chip national building consultancy firm, Kirk Roberts, providing excellent security of cashflow.
Situated on a high profile corner site, it provides a large underlying land holding of circa 3,500sqm over three separately titled buildings. Excellent car parking options are also afforded to the site for future re-tenanting solutions (43 in total).
The properties are being offered for sale by way of Deadline Private Treaty with offers due by Tuesday 13 July at 4:00pm (unless sold prior).
Key Investment Highlights:
- Net rental: c. $600,000 pa + GST
- Excellent CBD location - metres from the Stadium Precinct
- Anchored by long term lease to Kirk Roberts (c. 60% of net rental)
- Diversified multiple income streams
- Three freehold titles buildings
- Significant post-earthquake redevelopment
- Large underlying land holding – c. 3,500 sqn
- Excellent onsite car parking
For further information, please contact the listed brokers, Cameron Darby or Paul Brown.
