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Listing Description

Listed: Thu, 29 Aug

Your Sign to Invest

26 Moorhouse Avenue, Addington, Christchurch City, Canterbury

Price by negotiation

Details

  •   1269m² Floor
AttributeValue
Property use
Industrial
Agency reference
046001S

Description

Savills as sole agents are pleased to present 1/26 Moorhouse Avenue for sale. Comprising one of Christchurch’s most prominent property locations coupled with tremendous upside and an additional value-add component.

This asset offers prime industrial warehouse anchored by national tenant Signwise and bolstered by a lucrative Billboard reinforcing the strategic characteristics of this investment.

Investment highlights: - $198,000 net income (subject to final rent review) - 1,269m2 Floor area - Warehouse currently leases at $108/m2 - 16 carparks - 36m approx. frontage onto Moorhouse avenue - Moorhouse Ave enjoys 50,000+ average daily traffic

Requiring minor strengthening works to bring the property up to 67% NBS, the dataroom includes new strengthening quotes which the vendor could undertake prior to settlement – subject to negotiation.

Don't miss this exceptional investment opportunity in one of New Zealand’s fastest-growing regions!


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Agent's details

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Savills, (Licensed: REAA 2008)

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