Commercial
More from realestate.co.nz:
Agents News

8% Net Return – Owner Wants Sold!

48 Fitzgerald Avenue, Christchurch Central

Office Building
dollar

$6,200,000 Plus GST (if any)

Floor area
1591m2
On this page:

Map

Property details

Listing # CCH100676 | Listed on 8 November 2024

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.

Your notes
Add notes for your personal reference. This can only be seen by you.
Contact the agent
Name  (required)
Email  (required)
Phone
I'd like to enquire about:
Your message
A young family with pets illustration