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Listing Description

Listed: Tue, 7 May

Vendor Says Sell at 7.25%

Unit 8, 48 Fitzgerald Avenue, City Centre, Christchurch City, Canterbury

Asking price $1,825,000

Details

  •   773m² Floor
AttributeValue
Property use
Industrial
Agency reference
CCH100505

Description

CBRE is pleased to market Unit 8, 48 Fitzgerald Avenue, Christchurch Central for sale. Our vendor has given clear instructions, the property must be sold as it is surplus to requirements.

Located on the corner of Fitzgerald Avenue and Leeds Street, the unit is positioned in a professional and modern development, with excellent on-site car parking and a warm northerly aspect.

The clear span warehouse is of regular shape with generous natural light, two roller doors at each end providing drive-through capability, and substantial stud height. The ground-floor showroom and offices are a modern flexible space with an adjoining kitchenette and amenities.

The first-floor office has a separate entry, a large open plan area alongside glass partitioned offices, and a meeting room. The office also benefits from a north-facing balcony and is supported by a kitchenette and amenities.

Presenting as extremely good buying, this will be an attractive addition to the property portfolio of astute investors who recognise the value and benefits associated with this central Christchurch location. Fitzgerald Avenue provides easy access to all main arterial routes and is only minutes from the CBD and Christchurch's Te Kaha Stadium. It’s easy to see why this is such a sought-after location.

Property Features:

  • 7.25% Yield
  • Net rental $132,344.00
  • 773sqm* of leasable area
  • Ground-floor leased to automotive brand Fully Equipped (AUX listed)
  • Option to occupy first-floor office
  • Two container high roller doors
  • Ducted air-conditioning
  • Securely fenced rear yard
  • 75% NBS - as stated by engineer’s report 2014

*Approx.

Our vendor wants the property sold, so contact Nathan O’Neill today to organise your viewing - you’ll be glad you did.


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CBRE (Agency) Limited Christchurch, (Licensed: REAA 2008)

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