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Listing Description

Listed: Fri, 6 Sep

Vendor has purchased – Must be sold!

424 Moorhouse Avenue, Sydenham, Christchurch City, Canterbury

Price by negotiation

Details

  •   957m² Floor
AttributeValue
Property use
Office
Agency reference
046045S

Description

Offered for sale exclusively through Savills, 424 Moorehouse Avenue. This asset comprises a NLA of 957sqm, a multi tenanted commercial building with 24 onsite car parks, advantageous billboard and 34m frontage.

The property is being sold with 67% NBS, net rent of $128,789.16 and with vacancy of 50% bringing the potential rent up to $274,319.16.

The property includes untapped potential for owner operators to occupy, retailers to showcase wares with the Moorhouse Avenue frontage or investors seeking upside. Whatever the long-term prospect, the property sets the stage for an exciting and lucrative investment on one of Christchurch best business addresses.

Investment highlights:

  • Potential net rent: $274,319.16
  • Multi tenanted investment
  • Excellent onsite car parking
  • Expansive 34m frontage onto Moorhouse Avenue
  • High profile position
  • 50% vacant
  • Conservative rental rates
  • Dual frontages
  • 67% NBS

Deadline sale closing 4pm, Thursday 26 September 2024 (unless sold prior). Being offered for definite sale, please enquire with us now to avoid disappointment.


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Agent's details

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Savills, (Licensed: REAA 2008)

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