Listing #:1617825092

Multiple Tenants Long Leases

Location: 150 Lichfield Street, City Centre, Christchur­ch City, Canterbury
Property use: Developmen­t site
Floor area: 236m2
Land area: 236m2
Price: Price by negotiatio­n
Savills are pleased to be offering a quality investment property to the market at the exciting new Lichfield Lanes development.

Lichfield Lanes is located in the heart of the Innovation Precinct opposite the Residential Eastern frame and adjacent to Dux Central and the Innovation Precinct car park.
Also located adjacent to the development is the proposed stadium development, the Vodafone and Kathmandu offices as well as being within a stone’s throw of the Little High eatery.

The Unit in question is prominently located on the front of the development with Northern profile onto Lichfield Street and access into the shared internal courtyard.
This unit provides the astute investor with spread risk across four tenants being Kiwi Viking Burger, Sushi Pop, Turkish Kebab & The Neapolis Bar.

This is a great opportunity for the passive investor being a brand new building with long term leases ranging from 10 to 12 years.
This investment will provide a net income of circa approximately $143,000.00 + GST with fixed annual rent increases.
Other ground floor tenants within the development include Black & White Coffee Cartel, Alvarado’s Mexican, Jaba Steak House & Indian Street Food.
The Lichfield Lanes development is further complemented by 16 office units within the above two floors providing accommodation for local and national tech businesses and professionals.

Within construction of the residential Eastern frame underway across the road and plans for the stadium progressing, the Innovation Precinct is set to experience continued growth and development.

Call the sole agents for an information pack and to organise a viewing.
Sold by Deadline Private Treaty by Friday 25th May 2018 (unless sold prior).

-Leases of 10 Years plus
-Net income circa of approx. $143,000.00 + GST
-Fixed annual increases
-Four Tenants

Agency reference #: SVLC10305
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Price by negotiation
150 Lichfield Street, City Centre, Christchurch City, Canterbury
Price by negotiation
Listed: Mon 30 Apr, 4:10 pm
Ben Cameron
Savills Christchurch, (Licensed: REAA 2008)
  • Contact details
  •  (03) 9741188
  •  (021) 1073540


Agent's details

Ben Cameron
  •  (03) 9741188
  •  (021) 1073540
Jesse Paenga
  •  (03) 9741188
  •  (027) 7644748
Savills Christchurch, (Licensed: REAA 2008)
(03) 9741188
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Expires: Wed 16 Jan, 3:19 pm
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