3 Pilgrim Place, Sydenham, Christchurch City, Canterbury

Colliers are delighted to be appointed to market 3 Pilgrim Place, a high profile medical centre strategically located just off Moorhouse Avenue in Christchurch. Sitting on a freehold site of 1,363sqm within a Large Format Retail Zone, the property offers excellent accessibility, strong visibility, and a sought after city fringe position.   The centre is anchored by Moorhouse Medical, a long established tenant on site since 2002, and features multiple complementary tenants, providing a diversified, split risk income profile of $401,686 plus gst annum. The 963sqm net lettable area (725sqm ground floor, 211sqm first floor plus balconies) is fully fitted to a high quality medical grade standard, designed to meet the needs of healthcare providers.   North facing buildings allow abundant natural light, complemented by 30 onsite car parks. The property has also been seismically strengthened to 67% NBS, reflecting a proactive approach to long term resilience and risk management.   The established medical complex represents a rare opportunity to acquire a well tenanted, premium healthcare asset with strong income security and significant long term potential in a highly desirable city fringe location.   For sale by negotiation.   *Boundary lines are indicative only.

Features:

• Net current annual rental: $401,686 pa + GST
• Land area: 1,363?sq m
• Net lettable area: 963?sq m (Ground Floor 725?sq m, First Floor 211?sq m, plus balcony areas)
• High-quality medical-grade fit-out throughout
• North-facing buildings maximizing natural light
• 30 on-site car parks for tenants and visitors
• 67% NBS seismic strengthening, ensuring long-term resilience. *Report undertaken by Powell Fenwick Consultants Ltd, dated 27 April 2012)

More information: https://www.colliers.co.nz/p-NZL67038063