Listing Description
8% Net Return – Owner Wants Sold!
48 Fitzgerald Avenue, City Centre, Christchurch City, Canterbury
Asking price $6,200,000
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Agency reference | CCH100676 |
Description
The owner has instructed to get this sold and priced accordingly!
48 Fitzgerald Avenue is a modern office building in a prominent location with an abundance of on-site car parks and a good mix of quality tenants.
The offering presents a fantastic opportunity to acquire a high-profile quality office building spread across three titles which provides great spread of risk and future upside.
This multi-tenanted investment is anchored by founding tenants such as Ford Baker, Woods Consultants and Fortitude Financial. These longstanding tenants provide excellent security of cash flow.
Investment Highlights: · Long-serving and established anchor tenants · Great mix of tenants · Large Depreciation benefit still to be utilised to assist with your purchase and increase potential returns · High quality fit-out · Comprised of three separate titles to spread risk · Net lettable area: 1,591sqm (approx.) · Net rental: $496,773pa + GST + Opex · Established location bordering the CBD · 49 on-site car and three access points
The opportunity to purchase an asset of this quality does not present very often. We strongly recommend your early consideration of this outstanding investment.
Property Files
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Agent's details
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CBRE Christchurch, (Licensed: REAA 2008)
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