196-200 East Street, Ashburton, Canterbury

Located in the heart of East Street, Ashburton’s busiest commercial hub, this brand new, high spec commercial property presents an exceptional investment opportunity. Built to 100% of the New Building Standard (NBS), the property offers flexibility, quality, and long term value in a highly sought after location.   The building is currently configured with dual income streams, making it an attractive proposition for investors and future owner occupiers alike. NZ Bed occupies half of the property on a secure six year lease, providing solid, reliable income. The remaining space is leased to Sparrows on a flexible month to month basis, offering future potential to reposition or occupy.   As part of the landlord’s works, the property comes complete with LED lighting throughout, HVAC systems, and suspended ceilings, delivering a polished and professional environment for tenants. These modern upgrades ensure lower operating costs and improved comfort - a significant draw for a wide range of commercial users.   Functionality is further enhanced with on site car parking, rear roller door access, and excellent logistics for deliveries and operations. Combined with its prime street frontage and visibility, the property enjoys strong tenant appeal and high exposure in one of Ashburton’s most prominent locations.   Whether you’re looking to expand your commercial portfolio or secure a future proof premises for your business, this quality new build asset offers the ideal mix of security, flexibility, and growth potential. Opportunities like this are rare in Ashburton — don’t miss your chance to secure a flagship investment in a thriving regional centre.   The property is offered For Sale by Price by Negotiation.    *Boundary lines are indicative only.

Features:

• High Profile location with signage opportunities
• Current net income of $220,000 plus gst per annum
• Would suit an owner occupier or investor
• Mix of CPI and market reviews
• Land area 875m2
• Fixed rental growth
• Onsite carparks (5)
• Floor area of approx. 600m2 (more or less)

More information: https://www.colliers.co.nz/p-NZL67039478